What is WayRay?
Founded in 2012 and headquartered in Zürich, Switzerland, WayRay is at the forefront of developing sophisticated holographic AR technologies designed to integrate seamlessly with connected vehicles. The company operates a comprehensive in-house R&D center and prototyping facilities, enabling the creation of advanced holographic optical systems, intricate mechanical components, cutting-edge electronics, and proprietary software. With a global presence including offices in the United States, China, Hong Kong, Germany, and Russia, WayRay is positioned to influence the future of automotive interfaces and driver experiences through its immersive display solutions.
How much funding has WayRay raised?
WayRay has raised a total of $108M across 3 funding rounds:
Series A
$10M
Series B
$18M
Series C
$80M
Series A (2016): $10M, investors not publicly disclosed
Series B (2017): $18M led by Alibaba.com
Series C (2018): $80M supported by Alibaba.com
Key Investors in WayRay
Alibaba.com
Alibaba.com, a major e-commerce platform founded in 1999 and based in China, is a significant backer of WayRay, likely contributing strategic capital and market access within the Asian technology landscape.
What's next for WayRay?
The substantial enterprise-level funding WayRay has garnered, culminating in its recent major strategic investment, signals a strong trajectory for scaling its operations and further refining its holographic AR technology for automotive applications. This capital infusion is expected to accelerate product development, expand market reach, and solidify partnerships within the automotive industry. As WayRay continues to innovate in the connected car space, its focus will likely remain on enhancing driver safety, improving navigation experiences, and delivering next-generation in-car entertainment through its unique holographic displays.
See full WayRay company page
