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