AR HUD expertise supplier Envisics closes Sequence C funding spherical
September 20, 2023 – Envisics, a dynamic holographic expertise service supplier, has just lately introduced the completion of its Sequence C funding spherical due to new investments from M&G Investments, in addition to follow-on funding from Van Tuyl Firms.
In response to Envisics, the brand new funding brings the corporate’s whole Sequence C funding to USD $100 million, which can assist Envisics to speed up the tempo of its product growth and worldwide enlargement.
Earlier this yr, Envisics announced that it had raised over USD $50 million, with the spherical being led by Hyundai Mobis, an present strategic investor, with extra investments from new strategic shareholders InMotion Enterprise, the funding arm of Jaguar Land Rover, and Stellantis.
In response to Envisics, its holographic expertise allows augmented actuality head-up shows (AR HUD) in autos, a complicated show expertise that’s quick changing into essential characteristic for auto makers and shoppers.
“Envisics continues to draw extraordinarily high-quality strategic traders to the corporate,” mentioned Envisics’ CEO and founder, Dr Jamieson Christmas. “We proceed to make nice progress on growing and delivering dynamic holography as a viable product at scale to the world’s main automakers. The vote of confidence from M&G Investments, along with our just lately expanded group of traders, speaks to the numerous progress potential for our expertise as a part of the transformation set to disrupt subsequent era mobility experiences.”
Mitchell Caplan, President of Tarsadia Investments and Chairman of Envisics Inc., added: “To have such a powerful near our Sequence C strategic funding spherical is a testomony to the momentum constructed by Dr. Christmas and the staff at Envisics. We had been an early investor in Envisics, and we welcome the very spectacular roster of returning and new traders on this spherical.”
To study extra about Envisics and its augmented actuality HUD expertise for vehicles, take a look at their website.
Picture credit score: Envisics
Gavril Puskas
Gavril is a educated contributing writer at Auganix. An skilled XR trade information curator, he has been conserving abreast with the newest AR, VR and tech developments for the final 4 years.
