Augmented reality (AR) display maker Lumus Ltd. said on Monday that it raised $30 million in funding from a group of investors including Quanta Computer and HTC. This cash will be bundled with the $15 million in funding it received from investment firm Shanda Group and Chinese photo-electric component maker Crystal-Optech during the summer to create a $45 million Series C investment round.
Based in Israel, Lumus was founded in 2000 by Yaakov Amitai to bring his patented Light-Guide Optical Element (LOE) to the market. This technology was converted into Optical Engine modules for transparent displays to be worn over the eyes. More specifically, these displays are meant for eyeglasses that look like standard glasses, but instead mixes digital and physical worlds together.
The company’s Lumus Optical Engine consists of the LOE, an embedded ultrathin lens, a micro display, and a miniature projector. This combination, according to Lumus, provides high-resolution, full-color imagery in the wearer’s view. The technology has progressed to the point that it can be used in standard glasses for a comfortable fit without feeling bulky and heavy.
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