WaveOptics raises additional funding in oversubscribed Series C totaling $39 million

September 11, 2019
Digital Transformation More...

The certain thing about AR technology is that the winning approach is still uncertain. There are a wide range of waveguides, each with pros and cons; each developer is claiming leadership in the field, and every investor wants to jump on the train with the farthest destination. This news is another example of such behavior. Diffractive waveguides like the ones from WaveOptics can be thin and relatively cheap to manufacture but suffer from drawbacks like limited field of view and light aberrations. With the exception of HoloLens and Magic Leap, produced in limited quantities, there are no widely sold AR glasses yet or announced scalable releases. Similar to Magic Leap, overfinancing is a sign of marketing hype rather than technology value. 

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