Swave Photonics Raises €27M to Pioneer 3D Holographic Displays
Deal News | Jan 03, 2025 | Qbic Venture Partners
Swave Photonics, a company specializing in true holographic display technology, has successfully secured a €27 million Series A funding round led by imec.xpand and SFPIM Relaunch. This injection of capital is set to accelerate the development of Swave's Holographic eXtended Reality (HXR) platform, which aims to revolutionize AI-powered augmented reality (AR) smartglasses and heads-up displays. Participating investors include new backers such as the EIC Fund and existing supporters like Qbic Fund and PMV. Swave's proprietary technology overcomes existing challenges in AR devices by reducing size, weight, and cost, while eliminating issues such as Vergence-Accomodation Conflict. The company, holder of 60 technology patents, is recognized for achieving the first true color holographic display and is set to receive a CES Innovation Award in 2025.
Sectors
- Augmented Reality (AR)
- Holography
- Semiconductors
Geography
- Belgium – Swave Photonics is based in Leuven, Belgium, where much of its development and corporate operations are likely centered.
- United States – The planned participation at CES 2025 in Las Vegas, Nevada, reflects Swave's engagement with the US market and its presence in global technology showcases.
Industry
- Augmented Reality (AR) – The article centers around advancements in AR technology, specifically through the development of Swave's HXR platform for smartglasses and heads-up displays.
- Holography – Swave Photonics focuses on 3D holographic technology, aiming to provide high-quality, interactive holographic images for various applications.
- Semiconductors – Swave's technology integrates semiconductors, highlighting its role in the design of real-time compute chips that enhance holographic displays.
Financials
- €27 million / $28.27 million – The total capital raised in the Series A funding round.
- €10 million / $10.47 million – The amount raised in Swave's 2023 Seed funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Swave Photonics | Target Company | Company | A company focused on true holographic display technology. |
| Qbic Venture Partners | Investor | Company | A venture capital firm involved in Swave's Series A funding. |
| imec.xpand | Co-lead Investor | Company | An investment firm that co-led the Series A funding round for Swave. |
| SFPIM Relaunch | Co-lead Investor | Company | An investment firm that co-led the Series A funding round for Swave. |
| EIC Fund | Investor | Company | A new investor participating in Swave's Series A funding. |
| IAG Capital Partners | Investor | Company | A participant in Swave's Series A funding round. |
| Murata Electronics North America, Inc. | Investor | Company | An entity involved as a participant in this funding round. |
| PMV | Existing Investor | Company | A prior investor continuing to support Swave. |
| imec | Existing Investor | Company | A supporter of Swave's prior and current funding initiatives. |
| Luminate | Existing Investor | Company | An entity that previously invested in Swave's early stages. |
| Mike Noonen | CEO | Person | Chief Executive Officer of Swave Photonics, leading the company through its funding rounds. |
| Theo Marescaux | Chief Product Officer & Co-founder | Person | Responsible for product development at Swave. |
| Dmitri Choutov | Chief Operating Officer & Co-founder | Person | Oversees operations at Swave Photonics. |