AR show expertise startup OQmented closes $20M in Collection A
March 29, 2023 – OQmented, a supplier of MEMS-based augmented and blended actuality (AR/MR) show expertise and 3D sensing options, has this week introduced that it has raised USD $20 million in a Collection A fundraising spherical. Strategic buyers within the financing spherical included Sharp, a number one digital gadget and show producers. Present buyers additionally taking part within the spherical included Salvia, Vsquared Ventures and others.
OQmented states that it allows tech firms and eyeglass producers to construct trendy all-day wearable augmented or blended actuality glasses. To that finish, the startup develops ultra-compact MEMS-based gentle engines, using laser beam scanning. Based on OQmented, any such expertise gives a number of benefits over aggressive approaches, together with:
- Decrease energy consumption;
- Smaller dimension;
- Larger brightness & distinction, and
- Superior show efficiency.
The corporate famous that each one of those are necessities for light-weight client AR glasses which are appropriate for out of doors use. The strategic cooperation with Sharp due to this fact helps OQmented’s ambition to turn into a key enabler for client augmented actuality glasses.
OQmented will now purpose to leverage the synergies of Sharp’s digital gadget and show manufacturing experience and mix this with OQmented’s personal distinctive IP and know-how in LBS-based micro-displays. Consequently, the cooperation will assist to consolidate OQmented’s technique to supply full gentle engines as Plug and Play options, prepared for integration.
“Large tech firms and different gamers are racing to perform client AR glasses which are in the end capable of exchange the smartphone,” mentioned Thomas von Wantoch, co-CEO and co-founder of OQmented. “There’s overwhelming demand for our product and we are going to use the Collection A funds to speed up getting our gentle engines prepared for the market. We’re excited that we gained Sharp as a strategic investor with years of expertise as one of many largest suppliers for shows and digital gadgets.”
Wantoch additionally famous that the cooperation will allow OQmented to supply its gentle engine with built-in MEMS, electronics and laser as a one-stop store resolution for its prospects, so as to assist strengthen the corporate’s place as key enabler for the AR/MR market.
David Woodward, President of Sharp Gadgets Europe GmbH, commented: “We look ahead to accelerating our cooperation with OQmented and to realizing the growing market of all-day wearable augmented and blended actuality glasses, together with the numerous differentiated markets that can finally profit from the important thing applied sciences and improvements pushed by OQmented. Thomas and Ulrich are main a fast-paced startup firm with a rising staff of extremely motivated dynamic employees, demonstrating vanguard innovation. We’re very excited to make the most of the numerous synergies out there between OQmented and Sharp’s personal applied sciences and gadget industrialization.”
OQmented acknowledged that it now has plans to increase its workplace and laboratory area, and that it intends to rent a number of key workers and strengthen its enterprise improvement staff because it eyes entry to the U.S. and Asian markets.
For extra data on OQmented and its MEMS-based show expertise for AR and MR, please go to the corporate’s website.
Picture credit score: OQmented
Sam Sprigg
Sam is the Founder and Managing Editor of Auganix. With a background in analysis and report writing, he has been masking XR trade information for the previous 5 years.
