# DigiLens

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/digilens

- Industry: Materials
- Headquarters: Sunnyvale, US
- Website: www.digilens.com
- Total disclosed funding: $159M
- Latest round: Series D (Nov 4, 2021)
- Investors on record: 17

## About

DigiLens, Inc. focuses on creating innovative augmented reality (AR) technologies, specializing in proprietary waveguide optics and smartglasses for enhanced mobile computing experiences across various sectors.Founded in 2003 and headquartered in Sunnyvale, US, DigiLens, Inc. develops AR solutions that utilize proprietary waveguide technology. The CEO, Chris Pickett, leads the company which has secured USD 86.61 mn in Series D funding as of November 2021, with significant contributions from investors such as Samsung Electronics and Dolby Family Ventures. The firm has engaged in 15 deals total, which contributes to its valuation of USD 493.528 mn.DigiLens Inc. specializes in advanced augmented reality (AR) technologies, primarily focusing on the development of their proprietary waveguide optics and smartglasses. Their core product offerings include high-performance, all-in-one AR smartglasses that leverage unique optics designed for efficiency, brightness, and clarity. The smartglasses aim to enhance mobile computing experiences across various sectors, including gaming, training, and enterprise solutions, by delivering immersive and interactive visualizations. DigiLens partners with a diverse client base, including global brands and technology companies, to implement their AR solutions, which are marketed across North America, Europe, and Asia.DigiLens generates revenue through a combination of partnerships and direct sales models, focusing on B2B transactions. Their key offerings, such as the DigiLens ARGO™ solutions and associated smartglasses, are supplied to enterprise clients who integrate these technologies into their own products and services. Revenue is structured through licensing agreements for their waveguide technology and other proprietary innovations, allowing partners to manufacture and distribute DigiLens products. The company may also engage in subscription models through their DigiSaaS™ platform, providing ongoing support and updates for their technology to clients. Specific pricing details are not disclosed, but the premium positioning of their products suggests a focus on high-value contracts with established industry players.In November 2021, DigiLens raised USD 86.61 mn in Series D funding, which will be directed toward enhancing its core technology that will soon feature in XR hardware produced by a global network of contract manufacturers and OEMs. The company aims to expand its product offerings and enhance its market presence in North America, Europe, and Asia. Future product launches are expected to align with this expansion strategy, ensuring compatibility with upcoming XR technologies.

## Funding rounds

- Series D, Nov 4, 2021, $87M — Corning Pension Plan, Alsop Louie Partners, Mitsubishi Chemical Holdings Corporation, Dolby Family Ventures, 37 Interactive Entertainment, Samsung Electronics, Diamond Edge Ventures, UDC Ventures
- Series C, May 14, 2019, $50M — Continental AG, Samsung Venture Investment, Niantic, Inc., Sony Innovation Fund, Diamond Edge Ventures, UDC Ventures
- Series C, Nov 29, 2018 — Niantic, Inc., Diamond Edge Ventures
- Series B, Jan 19, 2017, $22M — Alsop Louie Partners, Sony Corporation, Continental AG, Foxconn Technology Group, Panasonic, Dolby Family Ventures, Nautilus Venture Partners, BOLD Capital Partners

## Investors

- Alsop Louie Partners (https://capitalatlas.ai/funds/alsop-louie-partners) — Series B, Series D
- Sony Corporation — Series B
- Continental AG — Series B, Series C
- Foxconn Technology Group — Series B
- Panasonic — Series B
- Dolby Family Ventures (https://capitalatlas.ai/funds/dolby-family-ventures) — Series B, Series D
- Nautilus Venture Partners (https://capitalatlas.ai/funds/nautilus-venture-partners) — Series B
- BOLD Capital Partners (https://capitalatlas.ai/funds/bold-capital-partners) — Series B
- Niantic, Inc. — Series C
- Diamond Edge Ventures (https://capitalatlas.ai/funds/diamond-edge-ventures) — Series C, Series D
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series C
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Series C
- UDC Ventures (https://capitalatlas.ai/funds/udc-ventures) — Series C, Series D
- Corning Pension Plan — Series D
- Mitsubishi Chemical Holdings Corporation — Series D
- 37 Interactive Entertainment — Series D
- Samsung Electronics — Series D