Distance Technologies funding news – Helsinki-based Distance Technologies Ltd Secures €10Million in Seed Funding

This is a mere three months after closing $2.7M in pre-seed funding, showing exceptional interest in the company, its unique technology and overall value proposition. GV led this seed round, with additional investments from FOV Ventures and Maki.vc.

Distance transforms the entirety of any transparent surface into a glasses- and headset-free window for experiencing the next-generation of mixed reality — all through a computer-generated 3D light field that seamlessly mixes with the real world. Offering infinite per-pixel depth and covering the entire field of view for maximum immersion, it is completely non-reliant on anything worn on the user’s face or body.

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Simply look through a windscreen or a window to see stunning mixed reality content with crystal clarity and perceived as completely and profoundly natural — all thanks to Distance’s patented, groundbreaking per-pixel optical depth capability. All of this is achieved without a headset, a phone, a pin, a device or glasses – just through your own eyes and all without eye strain.

Distance first emerged from stealth at Augmented World Expo USA 2024 in June, showcasing a proof-of-concept for its first commercial product to industry acclaim. Long considered a “Holy Grail” moment for the industry, glasses-free mixed reality means that any view within a window, windshield or cockpit can now be enhanced with any computer-generated visual content or alphanumeric information.

This mixed reality content can include a wide range of situational analyses and information unique and specific to that location or geospatial coordinate - all appearing completely natural and “in-situ”.

Roni Hiranand, Principal at GV said, "We believe that Distance has the potential to revolutionize experiences across a range of verticals and drive disruption in multiple industries," "Distance offers an open ecosystem, allowing manufacturers and integrators to supercharge the fusion of the physical and digital worlds in various applications. We've been impressed with how fast the team has moved to develop the technology, and we're thrilled to support them as they look to deploy across these critical sectors."

Urho Konttori, CEO and co-founder of Distance Technologies Ltd said, “Our vision has always been to bring the power of mixed reality everywhere, whether you can wear a headset or not, making it a transformative and accessible experience across a wide range of industries - ranging across automotive, defense and aeronautics, It’s so energizing to work with GV that recognizes this potential, not only by investing in our company, but by leading their first country investment through Distance. Their decision to lead the round is a profound endorsement of our technology, our team, and our mission to impact billions of lives by seamlessly integrating this breakthrough technology into everyday experiences.”

About Distance Technologies

Distance Technologies Ltd (Helsinki) is pioneering the world’s first true glasses-free XR solution, made for the automotive and aerospace sectors and extending beyond. Distance can transform virtually any transparent surface into a window for extended reality with a computer-generated 3D light field that mixes with the real world, offering flawless per-pixel depth and covering the entire field of view for maximum immersion.