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Envisics Closes Series C Funding Totaling over $100M, M&G Becomes Investor

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MILTON KEYNES, England, Sept. 7, 2023 — Dynamic holographic technology developer Envisics completed its series C funding round, raising more than $100 million. The round saw investment from M&G Investments and Van Tuyl Companies. In March, Envisics said that the first phase had raised over $50 million, with the round being led by Hyundai Mobis, an existing strategic investor, with additional investments from new strategic shareholders InMotion Ventures, the investment arm of Jaguar Land Rover, and Stellantis. They join long-term investors Tarsadia Investments, GM Ventures, and SAIC Motors.

Envisics’ holographic technology enables augmented reality head-up displays for automotive applications. Financing from this round will be used to accelerate product development and international expansion.
Sep 2023
machine vision
Interpretation of an image of an object or scene through the use of optical noncontact sensing mechanisms for the purpose of obtaining information and/or controlling machines or processes.
The optical recording of the object wave formed by the resulting interference pattern of two mutually coherent component light beams. In the holographic process, a coherent beam first is split into two component beams, one of which irradiates the object, the second of which irradiates a recording medium. The diffraction or scattering of the first wave by the object forms the object wave that proceeds to and interferes with the second coherent beam, or reference wave at the medium. The resulting...
BusinessEnvisicsfundingInvestmentsmachine visionDisplaysopticsaugmented realityheadup displayHeads up DisplayHUDholographyautomotiveEurope

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