VividQ Secures Funding of £11M to Bring Holographic Display to the World
by Startacus Admin
Major funding boost for VividQ to support further development of its innovative Computer-Generated Holography, team growth and expansion of global operations
Fab news for Deep technology company VividQ, a leading software and IP developer for holography, with the announcement of a seed extension round of £11M. The Cambridge head-quartered business is powering the display revolution with Computer-Generated Holography. Its technology is used in the development of next-generation digital displays and devices, by manufacturers in the US, China and Japan.
To date, VividQ has secured over £17M in funding. The latest investment was led by UTokyo IPC, Foresight Williams Technology, Japanese Miyako Capital, Austrian APEX Ventures, and Silicon Valley’s R42 Group. Previous investors University of Tokyo Edge Capital, Sure Valley Ventures, and Essex Innovation also participated.
Since its launch in 2017, VividQ has made cutting-edge developments that achieve real-time Computer-Generated Holography and address many failings of 3D displays and today’s AR devices. The company collaborates with key providers to bring this technology to everyday applications.
The funding round will further advance the adoption of VividQ’s solutions for Computer-Generated Holography, across three applications, an Automotive HUD which will be ready to go to original equipment manufacturers (OEMs) early next year, to improve experiences offered by head-mounted displays (HMDs), and smart glasses and to support the prototyping of HoloLCD systems.
Darran Milne, Co-Founder and CEO of VividQ, commented, “Scenes we know from films, from Iron Man to Star Trek, are becoming closer to reality than ever. At VividQ, we are on a mission to bring holographic displays to the world for the first time. Our solutions help bring innovative display products to the automotive industry, improve AR experiences, and soon will change how we interact with personal devices, such as laptops and mobiles. Our team has taken the technology that used to require immense amounts of computing power and found solutions to implement Computer-Generated Holography across consumer electronics. This new investment allows us to complete the next, critical phase of implementation projects and supports further innovation efforts to bring holography to new display applications. We’re incredibly excited to see what’s next with our customers.”
Mikio Kawahara, Chief Investment Officer of UTokyo IPC, said, “The future of display is holography. The demand for improved 3D images in real-world settings is growing across the whole display industry. VividQ's products will make the future ambitions of many consumer electronics businesses a reality. We are proud to invest in this expert team and look forward to supporting VividQ’s growth and expansion in the Asian markets.”
In addition to supporting its innovative product development, VividQ will also use the funding to expand its engineering, product, and customer support teams and global operations.
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Published on: 1st July 2021
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