ALlFocal Optics Funding news – UK-based AllFocal Optics Secures $5.3Million in Funding
Nov 6, 2024 | By Kailee Rainse
AllFocal Optics, a deeptech startup developing nanophotonic lens technology for clear, always-in-focus images, has raised $5.3 million in funding. This includes a $3.6 million equity raise led by SpeedInvest and grants from Innovate UK.
SUMMARY
- AllFocal Optics, a deeptech startup developing nanophotonic lens technology for clear, always-in-focus images, has raised $5.3 million in funding.
- AllFocal Optics is based on scientific research and showcases top British innovation.
The company’s thin nanophotonic lenses aim to make it possible for users to see virtual information in the real world without the discomfort and nausea usually caused by virtual, augmented, and mixed reality technologies.
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If successful, AllFocal’s technology could be used in car heads-up displays to show navigation directions on windshields, smart glasses for doctors to display important medical info during procedures, and virtual reality headsets that allow users to interact with virtual games without feeling sick.
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Dr Pawan Shretha, AllFocal’s founder and CEO said: “Critical to XR’s mass adoption is enabling users to interact with virtual images for as long as they like, without feeling nauseous, and to seamlessly shift focus between physical and virtual environments. Our technology, compatible with LCD, OLED, or any type of display, makes that possible. By projecting a digital image onto a user’s retina, it keeps the image in focus regardless of how the eyes adjust to the surrounding world, completely eliminating any discomfort. After more than a decade of research, we’re now ready to take our technology to market, unleashing possibilities across automotive, medical, engineering industries, and more.”
Rick Hao, Speedinvest’s deeptech partner added: “ AllFocal has unique technologies that are fundamentally changing the way nanophotonics are designed. Their patented technology is the key enabler for a variety of industries, including smart-glasses, heads-up display and defence. We are thrilled to support AllFocal Optics as they push the boundaries of visual technology. AllFocal is recreating human vision via its technology - this is critical to the future of any industry.”
About AllFocal Optics
AllFocal Optics is based on scientific research and showcases top British innovation. The company, a spinout from Cambridge University, has developed its unique technology after 10 years of research led by Dr. Pawan Shrestha, a former fellow of the Royal Academy of Engineering.