Envisics Closes Series C Funding Totaling over $100M, M&G Becomes Investor

MILTON KEYNES, England, Sept. 7, 2023 — Dynamic holographic technology developer Envisics completed its series C funding round, raising more than $100 million. The round saw investment from M&G Investments and Van Tuyl Companies. In March, Envisics said that the first phase had raised over $50 million, with the round being led by Hyundai Mobis, an existing strategic investor, with additional investments from new strategic shareholders InMotion Ventures, the investment arm of Jaguar Land Rover, and Stellantis. They join long-term investors Tarsadia Investments, GM Ventures, and SAIC Motors.

Envisics’ holographic technology enables augmented reality head-up displays for automotive applications. Financing from this round will be used to accelerate product development and international expansion.

There are 72 suppliers of Displays in the Photonics Marketplace.

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Published: September 2023

Glossary

machine vision: Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
augmented reality: Augmented reality (AR) is a technology that integrates digital information, typically in the form of computer-generated graphics, images, or data, with the real-world environment in real-time. AR enhances the user's perception of the physical world by overlaying or combining digital content onto the user's view of the real world, often through devices like smartphones, tablets, smart glasses, or specialized AR headsets. Key features and principles of augmented reality: Real-time...
holography: Holography is a technique used to capture and reconstruct three-dimensional images using the principles of interference and diffraction of light. Unlike conventional photography, which records only the intensity of light, holography records both the intensity and phase information of light waves scattered from an object. This allows the faithful reproduction of the object's three-dimensional structure, including its depth, shape, and texture. The process of holography typically involves the...