TriLite raises €8m for world’s smallest projection display
Austrian startup TriLite has raised €8m to bring its laser projection display technology to the consumer market for smart glasses, backed by UK entrepreneur Hermann Hauser.
The participants in the funding round included APEX Ventures, B&C Innovation Investments, Hermann Hauser Investment, TEC Ventures and QC·Ventures amongst others. It follows a seed funding round in December 2019.
TriLite believes its laser beam scanner (LBS) projection display is the world’s smallest, making it suitable for light-weight consumer augmented reality (AR) and mixed reality (MR) applications. The Trixel 3 has a total volume of just 0.92cm3, combining a micro optical RGB laser light source and a micro-electro-mechanical system (MEMS) mirror.
“TriLite’s tiny displays are set to be a game-changer for AR/MR glasses since they’ll be as lightweight as today’s eyewear, and this is sure to finally drive mass adoption of AR/MR in the consumer market,” said Hermann Hauser, Founder of Hermann Hauser Investment GmbH.
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Worldwide shipments of head-mounted displays (HMDs) are forecast to grow at an annual rate of 60 percent per year between 2020 and 2027 as the technology gradually replaces mobile phones as a display system.
“We are looking forward to a long-term partnership with TriLite and we are convinced that this ground-breaking technology will provide substantial additional value to new products and applications,” said Alexander Moser-Parapatits, Managing Director at B&C Innovation Investments.
Peter Weigand, CEO at TriLite, said, “This new round of funding will enable us to invest in innovation and increase our competitive advantage, whilst further strengthening our patent portfolio and building our manufacturing services platform.”
Alongside the hardware, TriLite has invested heavily in software that includes proprietary calibration algorithms that enable the size and complexity of the optical system to be minimized.
TriLite offers a manufacturing platform that accelerates time-to-market of its customers and provides a robust, high-volume supply chain. Through this platform, TriLite combines its own manufacturability expertise with industry-leading partners to secure a successful production ramp for end-customers.
The IEEE Laser Scanning for Augmented Reality (LaSAR) Alliance was launched last year to create a supply chain for LBS systems and includes ST Microelectronics, Applied Materials, Corning, Dispelix, Inkron, Mega1, and Osram.
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