Avegant’s Future Looks Bright as It Lands $12 Million in Funding for Augmented Reality Displays
Avegant's new funding comes as particularly good news for its team given the relatively tumultuous year for the company. In February, Avegant cut its staff down to about 20 employees in research and development and brought back founder Ed Tang to serve as CEO.
Now, instead of pushing its display technology via development kits the company introduced in Nov. 2017, the company is focusing on developing retinal display technology for the consumer segment.
"The consumer AR industry faces significant challenges developing displays that are high resolution, small form factor, large field-of-view, light field, and low power," said Tang in a statement. "The industry is excited about our unique solutions to these technical challenges, which will enable previously impossible AR experiences."
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