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 devices. Their proprietary optical platform and photopolymer technology, produced via a cost-effective contact-copy manufacturing process, enable Original Equipment Manufacturers (OEMs) to integrate sophisticated XR capabilities into a wide array of products. The company serves diverse global markets, including automotive, enterprise, consumer electronics, avionics, and military sectors, positioning itself as a key enabler of immersive digital experiences across industries.
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 Alsop Louie Partners, Continental, Panasonic, Foxconn, Nautilus Venture Partners, Dolby Family Ventures, and Sony
Series C (2018): $50M supported by Sony Innovation Fund, Continental, Samsung Ventures, UDC Ventures, Diamond Edge Ventures, and Niantic
Debt (2020): $1M featuring PPP
Debt (2021): $1.6M backed by PPP
Series D (2022): $50M with participation from Mitsubishi Chemical Group, UDC Ventures, Optimas Capital Management, Diamond Edge Ventures, Alsop Louie Partners, Samsung Electronics America, Dolby Ventures, A37 Interactive, and Corning
Key Investors in DigiLens
Mitsubishi Chemical Group
Mitsubishi Chemical Group is a global leader in performance products, industrial materials, and healthcare, focusing on creating sustainable corporate value and contributing to societal development. Their investment in DigiLens likely aligns with their interest in advanced materials and future business areas.
UDC Ventures
UDC Ventures, the corporate venture arm of Universal Display Corporation, specializes in disruptive startups and innovative companies, particularly in OLED technology and chemistry. Their investment supports DigiLens's advanced optical and photopolymer technologies.
Diamond Edge Ventures
Diamond Edge Ventures, the venture capital arm of Mitsubishi Chemical Group, invests in technology companies aligned with its core markets, including advanced materials and electric vehicles. Their participation highlights DigiLens's potential in these strategic sectors.
What's next for DigiLens?
With the recent major strategic investment, DigiLens is poised to accelerate its product development and market penetration. The substantial capital infusion is expected to fuel advancements in their patented optical technology and expand manufacturing capabilities to meet growing demand. This strategic backing will likely enable DigiLens to solidify its leadership in the XR display market, foster new OEM partnerships, and drive the adoption of augmented reality solutions across its target industries, further enhancing the integration of digital information into physical environments.
See full DigiLens company page
