WayRay
Latest round
- Series C
Last raised
- Sep 2018
Total raised
- $80M
Investors
- 6
About WayRay
Founded in 2012, WayRay AG operates from Zurich, Switzerland, focusing on advanced holographic displays.00 mn.WayRay primarily focuses on the development and deployment of advanced holographic augmented reality (AR) solutions, with its flagship product being the holographic AR head-up display (HUD) designed for the automotive industry. These displays integrate crucial information such as stoplight alerts, pedestrian warnings, and navigation prompts directly into the driver’s line of sight without the need for eyewear, thereby enhancing safety and user experience. The technology is also adaptable for various vehicle types, including conventional and self-driving cars, catering to both individual consumers and businesses within the automotive sector. Beyond automotive applications, WayRay has designed an Add-on Holographic AR Display for land, air, and water transportation, as well as heavy machinery, enabling operators to maintain situational awareness with minimized distractions. The company's holographic technology extends into infrastructure through smart glass solutions that personalize the AR experience in residential and commercial environments, integrating seamlessly into buildings around the world.WayRay generates revenue primarily through partnerships and direct sales of its holographic AR display technologies to automotive manufacturers and other sectors, such as transportation and infrastructure. The transaction structure typically involves long-term contracts with automotive OEMs, where customized solutions are tailored to meet specific integration requirements of various vehicle models. For example, a car manufacturer may enter into an agreement to incorporate WayRay's AR HUD technology into an upcoming vehicle line, resulting in a contract that stipulates development milestones, deployment schedules, and payment terms based on the achievement of specific project phases. The company’s innovative offerings, including its proprietary holographic AR displays and smart glass products, are positioned to attract substantial investment and collaboration from major industry players, further solidifying its financial foundation. The company is focused on expanding its product lineup and enhancing its existing technologies, with the aim of launching new offerings by the end of 2023. Additionally, WayRay intends to expand its presence in markets across Europe, North America, and Asia, capitalizing on the growing demand for AR solutions in these regions.
Who invested in WayRay
6 investors across 1 round
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Funding rounds
Series C
Sep 18, 2018
Amount
$80M
Investors
Questions about WayRay
Who invested in WayRay?
WayRay has 6 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has WayRay raised?
WayRay has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did WayRay last raise money?
WayRay's most recent round on record is a Series C, in Sep 2018.
What does WayRay do?
Founded in 2012, WayRay AG operates from Zurich, Switzerland, focusing on advanced holographic displays.
Where is WayRay headquartered?
WayRay is headquartered in Zurich, Switzerland.
Which VCs invest in companies like WayRay?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Marktlink Capital back software companies at WayRay's stage. Their profiles are linked below.
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