Swave Photonics Gets €27 Million in Series A Capital
Swave Photonics, a leading developer of holographic display technology, reported the effective conclusion of a €27 million (USD $28.27 million) Series A investment round. The funding will help expedite the creation of its Holographic eXtended Reality (HXR) system, which aims to provide a reality-first user experience for AI-driven augmented reality (AR) smart glasses and heads-up displays (HUDs).
The investment round was headed by SFPIM Relaunch and imec.xpand, with extra investors like EIC Fund, Murata Electronics North America, Inc, and Existing investors, and IAG Capital Partners including Qbic Fund, PMV, Luminate, and imec, and took part in the financing.
This follows the company’s previous €10 million (USD 10.47 million) Seed round in 2023, which helped launch its HXR technology and expand its staff.
Mike Noonen, CEO of Swave Photonics, indicated that the additional financing will accelerate the debut of their products as they attempt to overcome the issues of modern AR experiences via real holography. He expressed gratitude for the company’s sustained support from current and prospective investors, highlighting how it uniquely blends semiconductor, AI, holographic innovations to create cost-effective and feasible alternatives.
Swave’s HXR technology uses what the business calls the the globe’s smallest pixel to bend light and generate 3D holographic pictures. This technique allows for a user experience in which digital information integrates seamlessly with the user’s environment, providing visuals that are consistent with how the eye in humans organically perceives them.
Swave Photonics claims that problems with current augmented reality systems include high cost, bulk, excessive power consumption, and visual occurrences like Vergence-Accommodation Conflict, which often cause users to feel nauseous or exhausted. The business claims that their HXR technology not only solves these obstacles, but also eliminates the requirement for costly components often found in AR systems, such as waves or varifocal optics.
Theo Marescaux, co-founder and Chief Product Officer of Swave Photonics, remarked that AR glasses are set to become the primary interface for AI-driven spatial computing and other applications. He emphasised that by co-designing all essential components, including real-time compute processors, light engines, AR combiners, and holographic spatial light modulators (SLMs) with nano-pixel gadgets, Swave is in an exceptional position to lead this future and provide a cutting-edge, integrated system.
Swave has been developing its core technology for over a decade and holds 60 patents. The company first unveiled its HXR platform in April 2024. With the most recent Series A investment, the business is on schedule to launch product development kits, with manufacturing gadgets to follow shortly after, according to co-founder and COO Dmitri Choutov.
Go to the company’s website to learn more about Swave Photonics and their innovative holographic display innovation.