Lumus has completed a $45 million funding round for its augmented reality displays for smartglasses.
Lumus previously announced it had raised $15 million, and now it is announcing an additional $30 million as part of the same round. Quanta Computer, one of the biggest Taiwanese laptop makers, led the round, with additional participation from HTC and other strategic investors. Shanda Group and Crystal-Optech also participated.
Rehovot, Israel-based Lumus makes the optical engine that empowers AR solutions.
“This new funding will help Lumus continue to scale up our R&D and production in response to the growing demand from companies creating new augmented reality and mixed reality applications, including consumer electronics and smart eyeglasses,” says Lumus CEO Ben Weinberger, in a statement. “We also plan to ramp up our marketing efforts in order to realize and capture the tremendous potential of our unique technology to re-envision reality in the booming AR industry.”
See the full story here: http://venturebeat.com/2016/12/19/lumus-raises-45-million-to-make-wearable-augmented-reality-displays/