What is DigiLens?
DigiLens is at the forefront of developing and manufacturing advanced holographic waveguides, a critical component for next-generation augmented and extended reality (XR) displays. Leveraging a proprietary optical platform and photopolymer technology, the company has engineered a unique, cost-effective contact-copy manufacturing process. This innovation allows for the creation of best-in-class solutions that are essential for integrating XR capabilities into a wide array of devices. DigiLens's technology is designed to be integrated by Original Equipment Manufacturers (OEMs) across diverse industries, including the global automobile sector, enterprise solutions, consumer electronics, avionics, and defense applications, thereby expanding the reach and utility of XR technology.
How much funding has DigiLens raised?
DigiLens has raised a total of $133.8M across 6 funding rounds:
Series A
$9.2M
Series B
$22M
Series C
$50M
Debt
$1M
Debt
$1.6M
Series D
$50M
Series A (2016): $9.2M, investors not publicly disclosed
Series B (2017): $22M led by Foxconn, Continental, Sony, Nautilus Venture Partners, Dolby Family Ventures, Panasonic, and Alsop Louie Partners
Series C (2018): $50M supported by Sony Innovation Fund, Samsung Ventures, Continental, Niantic, Diamond Edge Ventures, and UDC Ventures
Debt (2020): $1M featuring PPP
Debt (2021): $1.6M backed by PPP
Series D (2022): $50M with participation from Diamond Edge Ventures, Mitsubishi Chemical Group, Alsop Louie Partners, A37 Interactive, Optimas Capital Management, Corning, Samsung Electronics America, Dolby Ventures, and UDC Ventures
Key Investors in DigiLens
Diamond Edge Ventures
Diamond Edge Ventures, the venture capital arm of Mitsubishi Chemical Group, focuses on investing in technology companies aligned with the group's core markets and future business areas, aiming to provide value through co-development and commercialization pathways.
Mitsubishi Chemical Group
Mitsubishi Chemical Holdings operates globally in Performance Products, Industrial Materials, and Health Care, aiming to create sustainable corporate value and be a trusted company by contributing to the sustainable development of people and society.
Alsop Louie Partners
Alsop Louie Partners is an early-stage, risk-oriented technology venture capital firm based in San Francisco, focusing on fostering accountable technologies for a better future with an emphasis on social responsibility and environmental sustainability.
What's next for DigiLens?
With its latest round of major strategic investment, DigiLens is poised for accelerated growth and market penetration. The substantial capital infusion, represented by $50M, will likely be directed towards scaling manufacturing operations, enhancing research and development for next-generation waveguide technologies, and expanding its global OEM partnerships. The company's focus on a low-cost, high-performance manufacturing process, combined with its patented technology, provides a strong competitive advantage. As the XR market continues to mature and demand for sophisticated display solutions increases, DigiLens is strategically positioned to capitalize on these trends, driving innovation and adoption across its target industries.
See full DigiLens company page
