Belgium-based holographic eXtended Reality (HXR) technology company Swave Photonics has announced it has secured an additional €3 million Seed extension which brings its total funds raised to €10 million.
The firm raised its €7 million Seed round a year ago.
Swave is putting lifelike reality into AR as its blurring the lines between reality and illusion. Its HXR technology offers 'remarkable resolution, perfect depth of focus, and 180-degree to 360-degree viewing angles' to AR glasses and headsets.
Acequia Capital joined this round which included reinvestment by imec.xpand, Flanders Future Techfund and QBIC. This also includes $100,000 funding from a Luminate accelerator programme.
“We are deeply gratified by the bolstered commitment of our current investors and are excited to welcome Acequia Capital and Luminate NY to the Swave family,” says Mike Noonen, CEO of Swave Photonics. “This collective vote of confidence in our groundbreaking technology and dedicated team underlines our commitment to revolutionise augmented reality through true holography.”
“We are exceptionally proud of the progress the team at Swave Photonics has made to date,” says Pieter Vorenkamp, Chairman of Swave Photonics. “The innovative holographic technology developed by Swave is the result of their technical leadership and shared dedication to driving forward the boundaries of what's possible. I am confident this technical prowess will soon translate into operational excellence as we transition the technology into products, enabling mass-volume augmented reality applications. The future of holography lies in the hands of this outstanding team, and we're excited to be a part of this journey."
Main image: Swave logo
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