Swave's HXR platform, announced in April 2024, eliminates the need for costly components like waveguides or varifocal lenses, making AR devices more practical and comfortable. The company has developed its technology over a decade and holds 60 core technology patents. With the Series A funding, Swave aims to accelerate product introductions and deliver integrated solutions for AI-powered spatial computing. The funding will also facilitate the introduction of product development kits and production devices, as Swave continues to co-design elements such as holographic SLMs, real-time compute chips, and AR combiners.
Key takeaways:
- Swave Photonics has raised $28.27 million in Series A funding to advance its Holographic eXtended Reality (HXR) platform for AI-powered AR smartglasses and heads-up displays.
- The funding round was co-led by Imec.xpand and SFPIM Relaunch, with participation from new and existing investors, and will accelerate Swave's product introductions.
- Swave's HXR technology uses the "world's smallest pixel" to create high-quality 3D holographic images, addressing challenges like high cost, size, weight, and visual discomfort in AR devices.
- Swave holds 60 core technology patents and its HXR platform will be recognized with a CES Innovation Award at CES 2025.