Myrias Optics secures $3M funding to deploy new optics

In Augmented Reality and Virtual Reality News

January 3, 2024 – Myrias Optics, Inc., a developer of optics to be used throughout augmented/digital actuality (AR/VR), client electronics and protection purposes, has just lately introduced that it has secured a USD $3 million seed funding led by Asia Optical Inc.

The corporate said that it’s going to use the funding to fulfill rising buyer demand and curiosity in construction, supplies and course of expertise platform. The funding spherical additionally included participation from UMass Amherst, Tenon Ventures and HOSS Funding Inc.

Constructed on analysis developed by the Watkins Group on the College of Massachusetts Amherst, Myrias is an rising developer of all-inorganic printed meta-optics, with an purpose of enabling the following technology of meta-optics for AR, VR, client electronics, machine imaginative and prescient, superior robotics, automotive gentle detection and ranging, protection and aerospace. The corporate, based by UMass college member James Watkins, famous that it has plans to fabricate optics in Western Massachusetts and rent a considerable workforce.

“We’re very excited to have already got a number of Tier 1 clients partaking in AR/VR and client electronics purposes the place Myrias IP and experience present unmatched value, efficiency and lifelong benefits over current etched or printed polymer-based processes,” stated Myrias CEO Patrick Tan. “Going ahead, we’re significantly excited to work with Asia Optical to develop and deploy a brand new class of optics that allows merchandise which can be compact, lighter and simpler to assemble at considerably decrease prices.”

Additionally commenting on the funding, Asia Optical Chairman, Robert Lai stated: “Our funding and partnership with Myrias is geared toward advancing the event of meta-optics for high-performance optical modules and merchandise. By integrating a number of capabilities right into a single meta-optic layer, we anticipate creating methods with fewer parts making it a lot simpler to make. Asia Optical appears to be like ahead to growing and lengthening our optical product choices throughout all of the industries we serve.”

Myrias added that growth and adoption of the optical applied sciences developed by the Watkins Group is poised to speed up considerably in Massachusetts because of a USD $5 million award from the Massachusetts Expertise Collaborative that was introduced in October 2023.

The grant will allow UMass Amherst to determine an open-access Superior Optics Fabrication and Characterization Facility on its campus, a singular useful resource out there to business companions reminiscent of Myrias and researchers throughout the state.

For extra info on Myrias Optics and its meta-optics for deployment throughout AR/VR options, please go to the corporate’s website.

Picture credit score: Myrias Optics