Augmented and virtual reality continues to be a hot commodity among tech investors, with more than $800 million invested in AR/VR companies in the second quarter alone and global tech leaders like Samsung focusing their investment strategies on the emerging field.
The investment fervor is justified. Financial firm Deloitte found in a 2016 survey of mid-market companies that 88 percent of mid-market companies are using some form of augmented or virtual reality in their business.
As a result, companies are beginning to notch wins with augmented reality technology now, through investments and sales, and positioning themselves for increased growth.
Investors Bank on WaveOptics for Augmented Reality Displays
Augmented reality display maker WaveOptics has raised 12 million pounds round in a Series B round of funding.
Led by Gobi Ventures, Touchstone Innovations, Robert Bosch Capital, and Octopus Investments, the capital will enable WaveOptics to further develop its technology and expand their market reach and territories.