WaveOptics Raises $16 Million

Mobile startup WaveOptics announced it has secured $16 million in Series B financing. Three investors participated in the round: Octopus Investments, Robert Bosch Venture Capital, and Gobi Partners.

WaveOptics is a global provider of pioneering augmented reality, offering exceptional picture quality in flexible form factors. The company delivers AR solutions that aim to enhance productivity for enterprises and bring beautiful experiences for consumers. With its patent-protected solutions, WaveOptics has created an effective way to design and manufacture lightweight, full-colour, and cost-effective smart glasses with long battery lives for augmented reality applications.

According to the company, the new funding will allow WaveOptics to complete its product development and position itself as a key technology enabler of compelling AR experiences.