Lumus Ltd., a Rechovot, Israel-based developer of high-end transparent near-to-eye displays for augmented reality (AR), mixed reality (MR) and smart eyewear, received $15m in funding.
The round was led by Shanda Group, a global private investment group, along with Crystal-Optech, a Chinese photo-electric component manufacturer.
The company will use the funds to scale up production of its patent-protected optical technology for the emerging consumer market.
Founded in 2000 and led by CEO Ben Weinberger, Lumus develops and sells transparent displays (based on patented Light-guide Optical Element (LOE) waveguide) to consumer electronics and smart-eyewear manufacturers developing consumer and enterprise AR see-through wearable solutions.
The Lumus DK-50 development kit, introduced earlier in 2016, offers AR creators a mobile, wireless stand-alone binocular display development kit.
In addition to the consumer electronics and smart-eyewear manfacturers, Lumus’ displays can have future applications in healthcare, military aviation, and logistics sectors.