Swave Photonics funding news – Leuven-based Swave Photonics has Secured €27 Million in Series A Round Funding

The funding round was co-led by investors imec.xpand and SFPIM Relaunch, with participation from new investors EIC Fund, IAG Capital Partners, and Murata Electronics North America, Inc., as well as existing investors Qbic Fund, PMV, imec, and Luminate.

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It previously raised a €10M ($10.47M) Seed round in 2023, which propelled the launch of it’s HXR technology, as well as the expansion of it’s team, which proudly leverages the top minds in photonics and semiconductors.

Mike Noonen, Swave CEO said , “This round will accelerate Swave’s product introductions as we continue to solve the challenges of today’s AR experiences through true holography,” “We are thrilled with continued support from our existing investors and our new investors. They recognize that Swave uniquely brings together semiconductor, holographic and AI technologies in a way that will deliver cost-effective and truly useful solutions.”

Theo Marescaux, Swave co-founder and Chief Product Officer said, “AR glasses are set to become the primary interface for AI-powered spatial computing and other applications, and Swave is uniquely positioned to enable this future, We are co-designing every element—from our holographic SLMs with cutting-edge nano-pixels, to real-time compute chips, light engines, and AR combiners—delivering the most advanced and integrated solution yet.”

Dmitri Choutov, co-founder and Chief Operating Officer said, “With Swave’s seed funding, we successfully built our team, proved the capabilities of the technology, and completed prototype designs, With Series A funding secured and silicon running at our partner fabs, we are on track to introduce product development kits and soon thereafter production devices.”

It’s HXR technology uses the world’s smallest pixel to shape light and sculpt high-quality 3D holographic images that create a reality-first user experience, where digital information interacts and adapts to the user’s surroundings. The images allow for the human vision system to process them naturally leveraging patented DynamicDepth technology.

AR devices currently being prototyped or on the market are all faced with challenges of high cost, uncomfortable size and weight, significant power usage, and visual phenomena like Vergence-Accomodation Conflict, which cause nausea or fatigue for users.

It’s unique HXR technology not only solves these issues, but also eliminates the need for the most costly components, such as waveguides or varifocal lenses, inherently required for existing AR devices.

About Swave

Swave, the true holographic display company, develops chipsets to deliver reality-first spatial computing powered by AI. The company’s Holographic eXtended Reality (HXR) display technology is the first to achieve true holography by sculpting lightwaves into natural, high-resolution images.