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DigiLens announces an additional $50 million bringing its total value to more than $530 million

11/04/2023

The investment driving the future of holographic display technology

DigiLens, leader in holographic display technology and guides of waves, has successfully closed the first round of financing of its Series D. This round of financing has the participation of prominent industry leaders, including Samsung Electronics, Samsung Electro-Mechanics, Diamond Edge Ventures, Alsop Louie Partners, 37 Interactive Entertainment, UDC Ventures, Dolby Family Ventures and others . A second round of financing is expected to be completed by the end of 2021 to allow other investors strategic partners join this successful fundraising campaign.

Leading the race to augmented reality

This additional funding puts DigiLens in a unique position to develop the foundational optical technologies needed for large-scale deployment of augmented reality (AR) and extended reality (XR) devices in the form of smart glasses. Holographic display technology and waveguides are crucial and complex steps in the development of hardware of this type. Collaborating with Samsung Electronics at this critical stage of the category creation process will unlock significant value for the entire industry [1].

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The future of computing in your eyes

Extended reality (XR) devices are poised to become the next mobile devices, marking a strategic turning point in computing. The XR has applications and profound potential uses in a wide variety of sectors, from industry to medicine, education and entertainment. This evolution of computing encompasses both virtual reality (VR), augmented reality (AR) and mixed reality (MR) devices. VR offers an immersive experience that transports viewers users from the physical world to a virtual one. AR provides a digital overlay on the physical world for a more “hands-free” experience, while MR combines elements of both.

Excellence in Holographic Visualization

DigiLens has established itself as one of the leading optical standards for smart glasses experiences thanks to its technology that offers a perfect combination of thin, light, high performance, low cost and highly efficient waveguide manufacturing for AR glasses. Its exclusive manufacturing process of photopolymers and holography has been widely recognized in the industry.

Advantages and disadvantages

Advantages ✅

  1. Technological innovation: DigiLens leads the development of key optical technologies for AR and XR devices, positioning itself as a company pioneer in the sector.
  2. Solid Financing: Additional $50 million Series D financing provides DigiLens with the Results necessary to boost your research and bring your products to market.
  3. Strategic Collaboration: Partnership with Samsung Electronics and other industry leaders ensures a joint vision for the future of smart glasses and augmented reality.

Disadvantages ❌

  1. Law Accelerated: As AR and XR technology advances, competition in the market intensifies, which can make it difficult to differentiate DigiLens.
  2. Challenges Adoption: Mass adoption of augmented reality devices still faces obstacles in terms of price, usability, and general public acceptance.
  3. Development risks: The research and the development of innovative technologies carry inherent uncertainties and associated risks, which could affect the success of DigiLens in the market.

FAQs

How is DigiLens different from other augmented reality technology companies?

DigiLens is noted for its focus on developing advanced optical technologies, enabling it to offer thinner, lighter, higher-performance smart glasses at affordable prices.

What is the potential of extended reality in the medical industry?

Extended reality has enormous potential in the medical industry, from training healthcare professionals to viewing medical images in tiempo real for more precise surgical procedures.

When can we see DigiLens smart glasses in the consumer market?

DigiLens is working hard to bring its smart glasses products to the consumer market at a realistic price, but no specific launch date has been announced.

What are the current challenges to the widespread adoption of augmented reality?

Widespread adoption of augmented reality still faces challenges in terms of price, design ergonomics, battery life and general public acceptance. These aspects are being addressed by DigiLens and other industry players.

How will extended reality affect the entertainment industry?

Extended reality has the potential to transform the entertainment experience by providing experiences immersive and immersive in games, movies and events Live.

What is the DigiLens waveguide manufacturing process?

DigiLens uses an exclusive manufacturing process based on photopolymers and holography, which allows the efficient production and high-quality thin and light waveguides for your augmented reality smart glasses.

We hope this article has been informative and has given you more insight into the exciting future of DigiLens in the field of augmented and extended reality. Get ready to immerse yourself in a world full of possibilities! 🌟

READ MORE ARTICLES ABOUT: VR News.

READ THE PREVIOUS POST: How Virtual Reality Glasses Are Opening New Opportunities in Scientific Research?.

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Comments (38)

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