VividQ, an innovator in the computational holography space, announced the completion of an additional $7.5 million in Series A funding. This funding round was led by Foresight Group and included new investors such as GameTech Ventures, and Florida-based Ruttenberg Gordon Investments (RGI), as well as existing investors. And this round brings the company’s total funding to over $30 million.
After the company’s success in serving original equipment manufacturers (OEMs), across gaming and automotive clients in Japan and the U.S., the company plans to hire a U.S. lead and open a U.S. office in the coming year. And the new funding round will also expedite VividQ’s product development roadmap, making its proprietary technology available to existing and new global business partners.
VividQ has secured multi-year partnerships with JVCKenwood and U.S.-based leaders in display and automotive technology, along with Fortune Global 500 brands developing consumer electronics displays and VR/AR headsets.
Launched in 2017 in Cambridge, U.K., VividQ is changing how we see the world and ultimately seeks to eliminate screens from digital experiences.
KEY QUOTES:
“Spatial computing is rapidly growing as a consumer category, driven in part by the release of the Apple Vision Pro headset and advancements in generative AI from organizations such as Meta, which are pushing the extended reality (XR) industry beyond gaming to deliver immersive experiences across sports, entertainment, and everyday activities such as driving.”
“While some of the biggest brands are navigating significant technical challenges to achieve mass consumer adoption, VividQ’s technology provides the solutions they need to deliver consumer-grade immersive experiences. Not only are we defining human-machine interaction beyond the headset, making science fiction a reality, but we are also setting the standard for the future of holographic display technology.”
- Darran Milne, Founder and CEO of VividQ
“VividQ has accelerated the commercialization of their breakthrough computer-generated holography technology and is well placed to capitalize on the next generation of AR/VR hardware. We are thrilled to lead VividQ’s Series A funding round and look forward to supporting them with their U.S. expansion plans.”
- Chris Wiles, Investment Director at Foresight Group
“Holography will deliver a paradigm shift in consumer experiences, especially in a market like VR, where limitations in current technology are holding it back from delivering the kind of jaw-dropping experience that consumers want. We are really pleased to be partnering with VividQ and seeing our cutting-edge LCoS displays be used to push the boundaries of VR and AR.”
- Yoshio Sonoda, CTO at JVCKenwood
