Dispelix designs and manufactures diffractive single-layer, full-color waveguide displays (DPX waveguides) for augmented reality applications. Its patented DPX waveguides aim to provide freedoms in AR design by improving image quality, performance, and efficiency. The company reports 43 granted or pending patent families that are being integrated into an increasing number of consumer products developed by OEM customers. Dispelix intends to use the new funding to expand operations and business reach and to continue developing its platform. The company’s offerings are expected to hit the market during 2023. Dispelix has locations in Finland, China and Taiwan with U.S. headquarters in San Francisco. Dispelix develops ultrathin (0.3mm) waveguide displays and full-colour Laser Beam Scanning (LBS) projection technology for all-day-wearable augmented reality glasses. Its displays claim a large eyebox and an unobstructed real-world view while delivering lightness that enables extended wearable use. The company highlights use cases ranging from consumer wearable health trackers—positioning AR glasses as a successor to smartwatches—to industrial applications such as remote monitoring, predictive maintenance, and on-demand support via web-based interfaces. Dispelix said the new funding will be used to further develop its LBS projection technology and to expand customer acquisition and support worldwide. Financially, the company secured €10 million in this round, including a €5 million commitment from Flashpoint Venture Debt Fund and €5 million from undisclosed investors. Dispelix works with go-to-market partners to commercialize the technology and strengthen its IP and product portfolio.

Total raised

$39M

Funding rounds

2

Latest round

Series B

Latest activity

Nov 2021