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WaveOptics’ co-founders on the ups and downs that led them to a £12m Series B

At UKTN, we’re always keen to shine a light on those who make up the UK’s thriving technology community.

This week, we spoke with David Grey and Sumanta Talukdar, co-founders of WaveOptics, a startup which specialises in the creation of waveguide-based optics.

Grey and Talukdar spoke about the challenges of running a bootstrapped business and the power of mentorship.

Tech vertical: AR
‪Funding: Recently closed a £12m ($16m) Series B
‪Staff count: 11-50 employees
‪Location: Oxfordshire
‪Founded: 2014

Q: Where did the idea for WaveOptics come from and why?

WaveOptics was founded to enable the mass adoption of truly immersive augmented reality (AR) specifically for the consumer electronics and enterprise industries.

We identified that mass adoption of AR could only be unlocked if there was a display technology specifically designed for AR that addressed the three challenges of performance, form factor and scalability. The development of this display technology – and ultimately product – represents our founding vision....