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Finland's AR glass display firm Dispelix raises 10 million euros


April 29, 2021
Dispelix has raised 10 million euros in equity and debt for manufacturing of the world’s thinnest and lightest waveguide displays, enabling all-day-wearable augmented reality (AR) glasses for consumers.
The company raised €5 million in new equity from investors, and Flashpoint, a technology investment firm said it provided €5 million in venture debt financing.
Dispelix will use this new capital to further accelerate its innovation and product development supporting full-colour Laser Beam Scanning (LBS) projection technology and expand customer acquisition and support worldwide.
This funding news comes on the back of Dispelix unveiling the concept of the next-generation AR glasses at CES 2021 in partnership with STMicroelectronics and Osram. ....

Antti Sunnari , Laser Beam Scanning , லேசர் உத்திரம் ஸ்கேனிங் ,

Finland-based augmented reality glasses maker Dispelix secures €10 million


Finland-based augmented reality glasses maker Dispelix secures €10 million
April 29th, 2021.
Augmented reality glasses. Ah yes, who could forget the debacle that was Google Glass? I too wore a pair for a brief moment, and I’ll be honest, I was less than impressed.
However, that doesn’t mean that fundamentally the technology doesn’t have huge potential. And this potential is exactly what Flashpoint Venture Debt Fund is betting €5 million on. Dispelix raised the additional €5 million in funding via undisclosed investors.
The funding is expected to be used towards further development of the company’s full colour Laser Beam Scanning (LBS) projection technology, as well as expand customer acquisition and support worldwide. ....

Donatella Callegaris , Flashpoint Venture Debt Fund , Laser Beam Scanning , லேசர் உத்திரம் ஸ்கேனிங் ,

Startup Funding: March 2021


Startup Funding: March 2021
Self-driving vehicles revved up investors in March, with two companies receiving over $200M apiece as they prepare for their systems to enter mass production. One focuses on software for passenger vehicles, while the other is looking to autonomous trucks. Both of the companies received investment from automakers, with China’s largest carmaker SAIC joining each of the funding rounds. It was also a good month for startups making chips for AI acceleration, with four companies from seed to Series D stages raising funds. Plus, two companies are looking to shake up the memory and storage space with some unique solutions. This month, we take a look at 24 startups that collectively raised over $1.3B. ....

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