News

AR startup Avegant raises $12 million in funding round

September 5, 2018

Avegant, an augmented reality provider, has raised $12 million in a funding round from investors Walden SKT Venture Fund, China Walden Venture Investments III and Applied Ventures. The company plans to create realistic AR experiences for consumers with "next generation display technology," according to a press release.

Avegant will use the investment to power its light field technologies and further develop its video headset.

"Applied is excited to use its materials engineering technologies to enable new inflections like AR/VR, which require advanced displays, high-performance computing and lots of memory. We are working with Avegant to accelerate the development of their light field technology to create compelling AR applications.," Om Nalamasu, president of Applied Ventures, said in the release.