VividQ raises additional £2.4m ($3.1m) to accelerate adoption of holographic display
London, United Kingdom, 16 December 2019
- FluxUnit – OSRAM Ventures and University of Tokyo Edge Capital participate in the second closing of the UK start-up’s oversubscribed seed funding round
- With further investment, VividQ will complete ongoing customer projects and integrations with partner technologies, to productise devices using holographic display powered by its software in 2020.
VividQ, a UK deep tech software company with world-leading expertise in 3D holography announces a second closing of its oversubscribed seed funding round.
VividQ raises additional £2.4m ($3.1m) 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.
VividQ is driving the mass adoption of holographic display in consumer electronics. With its revolutionary technology, the company is on a mission to enable the next big revolution in the display industry. Today, holographic displays powered by VividQ’s software are implemented by Original Equipment Manufacturers in the US, China, and Japan, in applications ranging from AR smartglasses to automotive head-up displays.
The investment will enable VividQ to accelerate the adoption of its software in the next generation of consumer electronics, and scale up the number of integration projects with chipmakers and micro-displays manufacturers. The company expects the first holographic devices powered by VividQ to be released in 2020.
Darran Milne, CEO of VividQ, said:
“Holography will revolutionise the way in which we view and interact with the world in the most fundamental way. 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, said:
“We are very excited about our investment into VividQ and to work with a highly talented team from Cambridge – one of the leading hubs for AR and holography worldwide. 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.”
Ted Yamamoto, Partner at UTEC, said:
“We are very excited to work with VividQ, the team comprised of the world’s brightest team in the field of computer-generated holography. Holography is the pinnacle of 3D display technologies, but hasn’t penetrated the mass market since Gábor invented it 70+ years ago. Now is the time for holographic technology to lead the AR/VR industry and VividQ is leading this innovation. ”
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VividQ is a deep tech software company with world-leading expertise in 3D holography.
The company was founded in 2017 by a team of expert engineers, mathematicians and computer scientists from the Universities of Cambridge, Oxford and St Andrews, who solved key technology barriers in the adoption of holographic display. VividQ’s 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
Fluxunit is the independent venture capital arm of OSRAM, a global photonics player. Building on OSRAM’s leading market position, Fluxunit invests in deep-tech start-ups, which reach beyond OSRAM’s core business and have the potential to disrupt and innovate existing technologies and business models. Fluxunit offers start-ups capital and access to OSRAM’s resources and global network as a high-tech corporation. Find out more about Fluxunit at www.fluxunit.de
UTEC is a seed/early-stage technology-focused venture capital firm associated with academic institutes such as The University of Tokyo. UTEC has managed four funds totaling approx. JPY 54.3 billion. UTEC has invested in approx. 100 start-ups, 11 of which went public and 11 achieved substantial exits like M&A transactions. Find out more about UTEC at https://www.ut-ec.co.jp/english/
About Sure Valley Ventures
Sure Valley Ventures is an entrepreneur-led venture capital fund launched in Ireland in 2017, which invests in early stage software companies across Augmented Reality (AR) and Virtual Reality (VR), Internet of Things (IoT) and Artificial Intelligence (AI) sectors. Sure Valley Ventures works in partnership with Shard Capital, which is a London-based independent financial services company offering a full range of broking, asset management and corporate capital services. For more information, please visit: www.surevalleyventures.com