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AR Display Firm Lumus Raises $15M

Sep 2016
RECHOVOT, Israel — 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.

The observable illustration of an image, scene or data on a screen such as a console or cathode-ray tube, seen as a graph, report or drawing.
A transparent optical component consisting of one or more pieces of optical glass with surfaces so curved (usually spherical) that they serve to converge or diverge the transmitted rays from an object, thus forming a real or virtual image of that object.
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