VividQ, a UK deep tech software company with expertise in 3D holography announces a second closing of its oversubscribed seed funding round.
VividQ raises additional £2.4m ($3.1m) from FluxUnit – OSRAM Ventures, the University of Tokyo Edge Capital (UTEC) and existing angel investors. The two international VC funds join Sure Valley Ventures, an entrepreneur-led Venture Capital fund based in the UK and Ireland, which led the initial closing of the round with £1m ($1.3m) investment earlier this year.
The company is driving the mass adoption of holographic display in consumer electronics, and is on a mission to enable the next big revolution in the display industry. Today, holographic displays powered by VividQ’s software are implemented by Original Equipment Manufacturers in the US, China, and Japan, in applications ranging from AR smartglasses to automotive head-up displays.
The investment will enable VividQ to accelerate the adoption of its software in the next generation of consumer electronics, and scale up the number of integration projects with chipmakers and micro-displays manufacturers. The company expects the first holographic devices powered by VividQ to be released in 2020.
Darran Milne, CEO of VividQ, said:
“Holography will revolutionise the way in which we view and interact with the world in the most fundamental way. For the first time, holographic display can be in the hands of everyone, across hundreds of applications, thanks to the extraordinary capabilities provided through VividQ’s software. With two renowned deep tech VCs like Fluxunit and UTEC on board, we are looking to bring about this holographic reality much faster.”
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Alexander Meyer-Scharenberg, Investment Manager at Fluxunit, said:
“We are very excited about our investment into VividQ and to work with a highly talented team from Cambridge – one of the leading hubs for AR and holography worldwide. VividQ’s software will be the enabler for real-time computer-generated holography, leapfrogging smart glasses and in-car head-up displays. Offering a more natural viewing experience for drivers, holography will be vital for next generation user interfaces and entertainment systems.”
Ted Yamamoto, Partner at UTEC, said:
“We are very excited to work with VividQ, the team comprised of the world’s brightest team in the field of computer-generated holography. Holography is the pinnacle of 3D display technologies, but hasn’t penetrated the mass market since Gábor invented it 70+ years ago. Now is the time for holographic technology to lead the AR/VR industry and VividQ is leading this innovation. ”