Reinvestment came from imec.xpand, Flanders Future Techfund (FFTF), a Belgian/Flemish public investment fund, and QBIC, a Belgian inter-university VC fund.
New investors are Acequia Capital of Seattle, and Luminate NY of Rochester New York State.
Luminate NY’s investment stems from Swave’s recent selection as a finalist in Luminate NY’s accelerator program and competition and complements Swave’s first place win at the 2023 SPIE Photonics West Startup Challenge and recognition as a finalist in the 2023 AWE USA Startup to Watch competition.
“This collective vote of confidence in our groundbreaking technology and dedicated team underlines our commitment to revolutionize augmented reality through true holography,” says Swave CEO Nike Noonen.
Swave’s Holographic eXtended Reality (HXR) technology provides high-resolution 3D images that blur the lines between reality and illusion and remove the challenges associated with focal depth and eye tracking.
With its ability to be manufactured using standard CMOS technology, HXR ensures scalable, cost-effective production.
Swave’s HXR technology is capable of powering holographic glasses and headsets, offering immersive spatial AR experiences with remarkable resolution, perfect depth of focus, and 180-degree to 360-degree viewing angles, devoid of the conventional discomforts associated with traditional headsets.
Applications powered by HXR gigapixel technology will be capable of passing the visual Turing test, making virtual reality nearly indistinguishable from real-world images.
