London 3D hologram software specialists raise further £2.4m
VividQ, a London tech software company specialising in 3D holography, has raised an additional £2.4m from a round led by VC firms FluxUnit and UTEC.
The company is on a mission to enable the next big revolution in the display industry by is driving the mass adoption of holographic display in consumer electronics.
The two international VC funds join Sure Valley Ventures, an entrepreneur-led Venture Capital fund based in the UK and Ireland, which led the initial closing of the round with £1m investment earlier this year.
Manufacturers in the US, China, and Japan already make use of VividQ's software in applications ranging from AR smartglasses to automotive head-up displays.
The latest investment from the company's second round will enable VividQ to accelerate the adoption of its software in the next generation of consumer electronics. The company expects the first holographic devices powered by VividQ to be released in 2020.
Darran Milne, CEO of VividQ, said: “Holography will revolutionise the way in which we view and interact with the world in the most fundamental way. For the first time, holographic display can be in the hands of everyone, across hundreds of applications, thanks to the extraordinary capabilities provided through VividQ’s software.
"With two renowned deep tech VCs like Fluxunit and UTEC on board, we are looking to bring about this holographic reality much faster.”