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AR Display Firm Lumus Raises $15M

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Augmented reality (AR) display developer Lumus Ltd. has received $15 million in funding led by the Shanda Group, a global private investment group, along with Crystal-Optech, a Chinese photoelectric component manufacturer, to expand its production of patent-protected optical technology.

Lumus’ near-to-eye display technology consists of the patented Light-Guide Optical Element, a unique eyeglass lens that contains an array of ultrathin transparent reflectors, and a small, patented miniprojector that injects an image into the lens. Together, they offer a wide field of view, true color, brightness that enables daytime reading and a crystal clear see-through display.

Lumus develops and sells transparent displays to companies working on developing consumer and enterprise AR technology.
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Published: June 2016
Glossary
augmented reality
Augmented reality (AR) is a technology that integrates digital information, typically in the form of computer-generated graphics, images, or data, with the real-world environment in real-time. AR enhances the user's perception of the physical world by overlaying or combining digital content onto the user's view of the real world, often through devices like smartphones, tablets, smart glasses, or specialized AR headsets. Key features and principles of augmented reality: Real-time...
BusinessEuropeIsraelDisplaysOpticsaugmented realityARlight-guide optical elementfundingLumusShandacrystal-optechphotoelectriclensesImagingEuro News

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