VCs double-down on OQmented’s ‘bubble MEMS’
This has brought the amount raised since the company was founded in 2018 to $20 million. The company was formed as a spin-out from Fraunhofer Institute, where the bubble MEMS technology was first researched.
The company claims its MEMS scanners achieve the highest performance in terms of field of view, device size, durability, energy consumption, sensing, and resolution. The company has customers working in consumer AR, robotics and 3D camera applications.
OQmented said the additional money would be used to open offices and expand R&D.
IT-Farm, Leblon Capital, and Deeptech-A join a syndicate that includes Vsquared Ventures (Vsquared), Salvia, and Baltic Business Angels, along with several angel investors.
OQmented has developed a one-chip display projector that has the possibility of being fitted into smart glasses and could propel AR/VR technologies into the mainstream as well as enabling 3D cameras, lidar, and machine vision products.
OQMented has a design and manufacturing partnership with STMicroelectronics. ST is contributing its design and manufacturing resources to the collaboration for OQmented’s Bubble MEMS technology. This is a patented 3D glass-encapsulation approach to hermetic vacuum sealing of the micro-mirrors. Sealing with these unique glass bubbles eliminates environmental contaminants and minimizes light-refraction effects.
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