VividQ Announces New Funding of $15M for Holographic Display
VividQ has closed a new funding round of $15 million to establish our vision for the future of display with Computer-Generated Holography. It’s a new technology that is touted to turn consumer-grade displays into full-fledged holographic displays. This round is led by Innovation Platform (IPC) from the University of Tokyo, who are joined by Foresight […]
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VividQ has closed a new funding round of $15 million to establish our vision for the future of display with Computer-Generated Holography. It’s a new technology that is touted to turn consumer-grade displays into full-fledged holographic displays.
This round is led by Innovation Platform (IPC) from the University of Tokyo, who are joined by Foresight Williams Technology, a joint collaboration between Foresight Group and Williams Advanced Engineering, Japanese Miyako Capital, Austrian APEX Ventures and Silicon Valley’s R42 Group. We are also pleased to receive further support from Sure Valley Ventures, University of Tokyo Edge Capital (UTEC), Essex Innovation participated as well. To date, VividQ has secured over £17M in equity funding.
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The new investment will be used for expanding teams, and to access new customers by scaling operations in the US and the APAC region. The funding will also advance the adoption of VividQ’s solutions for Computer-Generated Holography across three key applications; automotive head-up displays, augmented reality wearables, and holographic LCD screens.
VividQ is currently a team of 36 employees that are based across Cambridge and London. The startup intends to grow to a team of 70 by 2023, hiring across engineering, product and customer support teams.
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. 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.”
(With Input from Agencies)
