Holographic display firm VividQ raises £2.4m
Tech software company VividQ, which specialises in 3D holography, has announced a second closing of its seed funding round.
The firm has raised an additional £2.4m from FluxUnit - OSRAM Ventures, the University of Tokyo Edge Capital (UTEC) and existing angel investors.
The two international VC funds join Sure Valley Ventures, an entrepreneur-led Venture Capital fund based in the UK and Ireland, which led the initial closing of the round with £1m ($1.3m) investment earlier this year.
The company was founded in 2017 by a team of engineers, mathematicians and computer scientists from the Universities of Cambridge, Oxford and St Andrews.
The software brings real-time Computer Generated Holography (CGH) to everyday applications. VividQ collaborates with leading technology companies to create the most realistic, immersive and sensational experiences. For more information, please visit: www.vivid-q.com<http://www.vivid-q.com
It hopes the investment will allow it accelerate the adoption of its software in new consumer electronics, and scale up the number of integration projects with chipmakers and micro-displays manufacturers.
Darran Milne, CEO of VividQ, said holography could revolutionise the way users interact with the world.
“For the first time, holographic display can be in the hands of everyone, across hundreds of applications, thanks to the extraordinary capabilities provided through VividQ’s software.
“With two renowned deep tech VCs like Fluxunit and UTEC on board, we are looking to bring about this holographic reality much faster.”
Alexander Meyer-Scharenberg, Investment Manager at Fluxunit, added: “VividQ’s software will be the enabler for real-time computer-generated holography, leapfrogging smart glasses and in-car head-up displays. Offering a more natural viewing experience for drivers, holography will be vital for next generation user interfaces and entertainment systems.”
The company expects the first holographic devices powered by VividQ to be released in 2020.