AR Display Firm Lumus Raises $15M

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.