SUNNYVALE, CA (Jun-14) – DigiLens Inc. a leader in smart glass technology for use in aeronautics, automotive and consumer electronics applications, announced that it has closed a $6.3 million financing to new and existing investors, including new investors, Alsop Louie and Dolby Family Ventures. The investment will allow the company to undertake additional product development programs for a range of applications including augmented reality and head-up displays for consumer and transportation licensees. The Company has developed a platform display technology called DigiLens, which enables wafer thin holographic optics to be printed into a nanoscale optical thin film material. The display combines complex optical functionality into a single eyeglass thin lens, eliminating the need for bulky piece-part optical assemblies.
CEO and founder Jonathan Waldern said,
“We have grown our business serving aerospace and military customers, but are experiencing a significant increase in demand from automotive, security and CE customers. By leveraging our toolbox of optical IP cores, we can increase our design starts, including enterprise augmented reality and consumer wearable displays.”
Gilman Louie, co-founder of Alsop Louie said:
“DigiLens management team has proven experience in “Smart Glass” technology and wearable display requirements.” “We see a very bright future for DigiLens as the advantages of their highly proprietary technology become apparent to the broader marketplace, ” said Dave Dolby, who added: “Early versions of this technology developed by others have shown that a truly wearable display requires breakthrough materials technology”.
About Alsop Louie Partners:
Alsop Louie Partners is a venture capital firm specializing in growth capital and early stage investments. It seeks to invest in mobile sectors, cyber security, cloud, infrastructure, digital media and enterprise software. Alsop Louie Partners was founded in 2006 and is based in San Francisco, California.
For more information, please visit: www.alsop-louie.com
About Dolby Family Ventures:
Dolby Ventures is an early stage venture firm focused on building great technology companies. We partner with best-in-class innovators and strong investment syndicate partners. The fund honors the legacy of Ray Dolby and his commitment to engineers and their vision to solve the world’s toughest problems. Dolby Family Ventures formalizes the Dolby family’s ongoing multi-generational commitment to supporting talented entrepreneurs.
For more information, please visit: www.dolbyventures.com