Dispelix Raises €28.4 Million to Foster Product Development and Business Expansion
Dispelix Series B round funding

Dispelix Raises €28.4 Million to Foster Product Development and Business Expansion

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The Finland-based designer and manufacturer of lightweight single-layer waveguides and see-through displays for augmented reality, Dispelix, has raised a €28.4 million Series B round. The funding round was led by Atlantic Bridge, CCB Trust, and Flashpoint and saw participation from Lifeline Ventures, VTT Ventures, Finnish Industry Investment, and 3M Ventures. The company has now raised €43.2 million to date.

Antti Sunnari, the Co-founder and CEO of Dispelix, said, “Our patented see-through display technology is the key enabler for augmented reality devices such as smart-glasses where weight, display quality, and form factor are key attributes. These can be best realized by feather-weight single-layer optics, which is our unique forte, and we are now gearing to scale these capabilities for mass production for our customers’ forthcoming consumer offerings.”

“This new investment will allow us to serve more OEM customers better and faster, as their trusted and dedicated waveguide partner,” he added.

The company was founded back in 2015 to develop AR experiences that foster the technology into the future. The Finland-headquartered company has since established offices in China, Taiwan, and the US.

Juuso Olkkonen, the CTO and co-founder of the company, said, “Dispelix’ see-through displays are the lightest and thinnest on the market and maintain vivid colors, image quality, and wide field-of-view. Our team of world-class scientists and engineers continue to push the boundaries of what’s possible with our arsenal of unique software and hardware technologies – fundamentally changing the way nanophotonics-based waveguides are designed and delivered to the delight of our customers.”

Dispelix possesses a diverse portfolio of offerings with 43 granted or pending patents to be incorporated into the consumer products developed through the company’s OEM partners.

Paul Murray, Partner with Atlantic Bridge, said, “We invested in Dispelix as they have a unique mix of technologies that delivers a superior end-user experience for mixed reality smart-glasses and other AR devices – offering the lightest, lowest power, and highest resolution displays. Their ability to scale these benefits for their growing list of OEMs will be a key enabler in the adoption of next-generation mixed reality platforms and to help deliver on the promise of the Metaverse.”

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