Swave Photonics, a specialist in holographic extended reality (HXR) technology to bring the metaverse to life, has raised €7 million in a seed funding round co-led by Imec.xpand, a value-add venture capital fund focused on nanotechnology innovations, and Flanders Future Techfund (FFTF), a Belgian/Flemish public investment fund.
QBIC, a Belgian inter-university venture capital fund, is also participating.
The investment will be used to fund the commercialisation of truly realistic, immersive 3D HXR gigapixel technology for a wide range of emerging applications. The demand for eXtended Reality (XR) technology that enhances or replaces our view of the world is exploding with the rapid emergence of the metaverse, a 3D world where participants can interact with people, objects and places and other applications benefiting from truly realistic 3D experiences.
Swave Photonics is a new spin-off of imec and Vrije Universiteit Brussel. imec is Europe’s largest independent research centre in the field of nanoelectronics and digital technologies. Imec.xpand, a value-add venture capital fund focused on nanotechnology innovations, and Flanders Future Techfund (FFTF), a Belgian/Flemish public investment fund, are co-leading the seed round.
