A Leuven-headquartered pioneer in augmented reality has announced the close of its €27 million Series A funding round, which will accelerate development of its cutting-edge Holographic eXtended Reality (HXR) platform.
The funding will also enable a pioneering reality-based consumer expertise for AI-driven augmented reality smart glasses and heads-up displays.
The funding round was co-led by venture capitalists Imec.xpand and SFPIM Relaunch, with participation from new investors EIC Fund, IAG Capital Partners, and Murata Electronics North America, Inc., as well as existing investors Qbic Fund, PMV, Imec, and Luminate.
The growth spurt of Swave’s HXR capabilities was fueled by the strategic expansion of its workforce, capitalizing on the strength of “”.
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Founded in 2022, Swave leverages its heritage as a spin-off from Imec, harnessing the expertise in CMOS chip manufacturing to pioneer a reportedly cost-effective, scalable, and swift path to commercialization.
They design and manufacture chipsets that enable the development of spatial computing experiences, leveraging artificial intelligence (AI) to deliver a more immersive and interactive reality. With unparalleled mastery of their HXR technology, Swave pioneers the pursuit of authentic holography by meticulously shaping lightwaves into crystal-clear, high-definition images that rival reality itself. The proprietary expertise enables compact module designs offering an unobstructed viewing experience.
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According to Swave, its co-founder and Chief Product Officer… “.”
Swave’s HXR expertise leverages the “quotation marks” to craft soft-spoken and intricately detailed 3D holographic images that simulate a reality-based customer experience, where digital information seamlessly interacts and adjusts to the user’s surroundings. Pictures allow the human visual system to process them effortlessly by harnessing the power of our patented DynamicDepth technology.
Currently, Augmented Reality (AR) units under development or already available face significant hurdles, including exorbitant price tags, cumbersome dimensions and weights, substantial energy consumption, and conspicuous side effects such as Vergence-Accommodation Conflict, which can induce nausea or exhaustion in users.
While proponents claim that Swave’s HXR expertise addresses these concerns, it also eliminates the need for expensive components such as waveguides or varifocal lenses typically necessary in current AR devices, thereby providing a cost-effective solution.
“Notably, Rachel Smith, co-founder and Chief Operating Officer.” “.”
