UK augmented reality (AR) start-up WaveOptics has raised £$25m (20m) in a funding round led by Octopus Ventures. The Didcot-based company will use the extra funds to expand its supply chain to meet national and international demand for its waveguide technology, a key component of AR eyewear. Last month, the start-up agreed an exclusive manufacturing partnership with new investor and electro-acoustic specialist Goertek for global mass production. WaveOptics's recent success has led to opening offices in Los Angeles and Taipei and plans to expand into Beijing in 2019.
UK augmented reality (AR) start-up WaveOptics has raised £20m ($25m) in a funding round led by Octopus Ventures. The Didcot-based company will use the extra funds to expand its supply chain to meet national and international demand for its waveguide technology, a key component of AR eyewear. Last month, the start-up agreed an exclusive manufacturing partnership with new investor and electro-acoustic specialist Goertek for global mass production. WaveOptics's recent success has led to opening offices in Los Angeles and Taipei and plans to expand into Beijing in 2019.