Optix Raises $15m To Advance Xr Optics Tech

By Author: Ben Gross
Total Articles: 433
Comment this article

XR tech startup OPTIX announced that it has closed its oversubscribed Pre-A funding round led by Primavera Venture Partners. Existing investors Lanchi Ventures also participated, bringing OPTIX total equity raise to US$15M. The investment is OPTIX's third funding round in less than two years since the company was established in August 2022. OPTIX Angel round was led by Lanchi Ventures with participation from Vlight Capital.

OPTIX develops cutting-edge optics technology and offers advanced solutions for the next-gen AR and VR products. With technology as its core, OPTIX focuses on VR Pancake in-house design and fabrication, and AR waveguide technologies including Geometric Waveguide, SRG Waveguide, and VHG Waveguide.

OPTIX dives deep into the underlying physical principles, materials, equipment, and fabrication processes to ensure high-quality standards and to deliver the best product to meet customers' extremely high expectations.

"Optics plays a crucial role in XR hardware. The technology itself is very challenging because it needs to be highly integrated with other subsystems, at the same time, be manufacturable ...
... at mass production scale", Gary Yan, Founder and CEO of OPTIX said on the fundraising announcement, "Our goal is to provide the ultimate optical experience, and to create outstanding AR and VR products in collaboration with world-leading customers and industry partners."

"We are excited to be backed by Primavera Venture Partners, Lanchi Ventures, and Vlight Capital. Their wealth of experience, foresight, and strong support are essential for us to achieve long-term goals," said Yan.

More Information : https://www.techdogs.com/tech-news/pr-newswire/optix-raises-us15-million-fundraising-to-date-to-solve-the-bottleneck-of-xr-optics-technology