Swave Photonics, a pioneer in holographic display solutions, has officially revealed an extra EUR €6M (USD $6.9M) in funding, marking a continued investment in the company’s Series A financing round.
The investment was spearheaded by IAG Capital Partners and includes a strategic contribution from Samsung Ventures. Swave indicated that this new funding will aid in the ongoing advancement of its HXR technology while also boosting the company’s market entry strategies.
Swave claims it is working on the globe’s first authentic holographic display platform tailored for the Spatial and AI Computing era. The firm’s Holographic eXtended Reality (HXR) technology employs diffractive photonics to mold lightwaves into lifelike, high-resolution 3D visuals, aiming to establish “the world’s smallest pixel.”
Swave asserts that this innovation effectively removes the necessity of a waveguide, enabling spatial computing technology that can accommodate various display applications, support a compact design, and provide a more intuitive viewing experience.
“This additional investment highlights the significant enthusiasm surrounding the evolving Spatial + AI Computing Era and the display technology that is poised to unveil what is next,” remarked Mike Noonen, CEO of Swave.
“The funding from both our current investor, IAG Capital Partners, and new supporter, Samsung Ventures, will empower Swave to expedite the commercialization and deployment of our groundbreaking holographic display technology central to next-generation spatial computing platforms.”
Earlier this year in January, Swave disclosed its €27M ($28.27M) Series A funding round, which followed a €10M ($10.47M) Seed round in 2023.
For further details on Swave Photonics and its holographic display solutions for augmented reality smart eyewear, please visit the company’s website.
