XR optics expertise firm OPTIX raises $15M in funding so far

Could 8, 2024 – Beijing-based XR tech startup OPTIX has this week introduced that it has closed its oversubscribed Pre-A funding spherical led by Primavera Enterprise Companions. Present traders Lanchi Ventures additionally participated, bringing the corporate’s complete fairness elevate to USD $15 million.

What does OPTIX do?

OPTIX states that it develops cutting-edge optics expertise and affords superior options for the following era of augmented and digital actuality (AR/VR) merchandise. On the AR facet, OPTIX focuses on AR waveguide applied sciences together with Geometric Waveguide, SRG Waveguide, and VHG Waveguide. On the VR facet, the corporate works on the in-house design and fabrication of VR pancake optics with 8K decision and 115 levels field-of-view (FoV).

“Optics performs an important function in XR {hardware}. The expertise itself could be very difficult as a result of it must be extremely built-in with different subsystems, on the similar time, be manufacturable at mass manufacturing scale,” stated Gary Yan, Founder and CEO of OPTIX. “Our objective is to offer the final word optical expertise, and to create excellent AR and VR merchandise in collaboration with world-leading prospects and business companions.”

OPTIX said that it launched its VR pancake optical module, which has a binocular decision of 8K and a field-of-view of 115 levels, in 2023, shortly after Apple introduced its Imaginative and prescient Professional headset. For comparability, Apple Imaginative and prescient Professional has a horizontal FoV of round 100 levels, and the Meta Quest 3 has a horizontal FoV of 110 levels.

How will OPTIX use the funding?

The brand new funding comes on the heels of a speedy progress yr for OPTIX. Up to now, the corporate has established its personal laboratory and manufacturing course of, and has been concurrently specializing in key optics applied sciences for each AR and VR.

OPTIX said that its subsequent objective can be to combine gaze monitoring and foveated rendering into its pancake module, in addition to PB lens expertise. The corporate additionally famous that will probably be launching an AR waveguide module in Q3 2024.

Who’re Primavera Enterprise Companions?

Primavera Enterprise Companions’ portfolio contains corporations from throughout the AI, robotics, biotechnology, BCI, medical, Web3 and power sectors. A spokesperson from Primavera Enterprise Companions stated: “The VR and AR market holds immense potential in the long run. The continual strategic improvement of VR and AR by world expertise leaders has not solely marked a big turning level for the business, nevertheless it has additionally proven us the huge prospects of VR and AR in reworking our day by day lives.

“The breakthrough of merchandise hinges upon the development of core optical module expertise. OPTIX, backed by its full-stack workforce in optical module design and course of and its stable understanding of expertise, has independently developed its distinctive technical benefit and specialization… We stay up for seeing OPTIX leveraging its capabilities in terminal design and provide chain expertise to higher help the business in overcoming bottlenecks in optical options.”

The funding is OPTIX’s third funding spherical in lower than two years because the firm was established in August 2022. Its angel funding spherical was led by Lanchi Ventures with participation from Vlight Capital.

For extra data on OPTIX and its optics expertise for augmented and digital actuality merchandise, please go to the corporate’s website.

Picture credit score: OPTIX