# WaveOptics

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

- Industry: Consumer Products
- Headquarters: Milton, UK
- Website: www.enhancedworld.com
- Total disclosed funding: $54M
- Latest round: Series C (Jul 19, 2019)
- Investors on record: 8

## About

Founded in 2014 and based in Milton, United Kingdom, WaveOptics Ltd develops and provides wearable devices and smart glasses with augmented reality display technology for industrial enterprises and consumer markets. David Grey and Sumanta Talukdar are the co-founders of the company. In May 2021, Snap acquires WaveOptics for over USD 500 million. This acquisition is a key milestone for WaveOptics, which raised around USD 65 million in funding from investors, including Bosch, Octopus Ventures, and a host of individuals. The company has a valuation of around USD 105 million and over 125 employees as of May 2021.

The company’s products consist of waveguides, projectors, and modules. The waveguides offer the widest range of fields of view, ensuring the waveguide platforms offer the maximum design flexibility for customers to design and meet their product needs. Projectors are designed to be compact and efficient. The company offers both DMD and LoCS based projectors, depending on the field of view. WaveOptics modules are the right platform to either create a demonstration system or product for the quickest entry into the development of AR hardware.

The company generates revenue by providing its waveguide platform and projectors to consumers. The firm’s operational experience in the manufacture of AR wearables leads to its success.

## Funding rounds

- Series C, Jul 19, 2019, $13M — Gobi Partners, Hostplus, Longview Innovation, Robert Bosch Venture Capital, GoerTek Group Co., Ltd., Octopus Investments
- Series C, Oct 22, 2018, $25M — Gobi Partners, Longview Innovation, Robert Bosch Venture Capital, GoerTek Group Co., Ltd., Octopus Investments, Optimas Capital Management
- Series B, Jul 17, 2017, $16M — Gobi Partners, Robert Bosch Venture Capital, Touchstone Innovations, Octopus Investments

## Investors

- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Series B, Series C
- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Series B, Series C
- Touchstone Innovations (https://capitalatlas.ai/funds/touchstone-innovations) — Series B
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Series B, Series C
- Longview Innovation (https://capitalatlas.ai/funds/longview-innovation) — Series C
- GoerTek Group Co., Ltd. — Series C
- Optimas Capital Management (https://capitalatlas.ai/funds/optimas-capital-management) — Series C
- Hostplus — Series C