Investment Will Accelerate Development of Revolutionary Holographic eXtended Reality (HXR) Technology to Make Virtual Reality Practically Indistinguishable from the Real World
LEUVEN, Belgium–(BUSINESS WIRE)–June 28, 2022–
Swave Photonics, an innovator in Holographic eXtended Reality (HXR) technology to bring the metaverse to life, today announced a €7 million seed round. The investment will be used to fund the commercialization of truly realistic, immersive 3D HXR gigapixel technology for a wide range of emerging applications. The demand for eXtended Reality (XR) technology that enhances or replaces our view of the world is exploding with the rapid emergence of the metaverse, a 3D world where participants can interact with people, objects and places and other applications benefiting from truly realistic 3D experiences. Swave Photonics is a new spin-off of imec and Vrije Universiteit Brussel.
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Participating investors in the initial seed round include imec.xpand, a value-add venture capital fund focused on nanotechnology innovations and Flanders Future Techfund (FFTF), a Belgian/Flemish public investment fund, are co-leading this seed round. QBIC, a Belgian inter-university venture capital fund is also participating.
