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O’Melveny advises DigiLens in Series D funding

O’Melveny has represented DigiLens Inc, an specialist in head-worn holographic display and waveguide technology, in its Series D funding round led by Samsung Electronics, a transaction valuing DigiLens at over USD500 million.

The transaction was announced on 2 November.

Additional industry leaders joining the funding round include Samsung Electro-Mechanics, Diamond Edge Ventures, the strategic investment arm of Mitsubishi Chemical Holdings Corporation, Alsop Louie Partners, 37 Interactive Entertainment, UDC Ventures, the corporate venture arm of Universal Display Corporation, Dolby Family Ventures, and others.

A second close is scheduled to be completed near the end of 2021.

Headquartered in Sunnyvale, CA, DigiLens is a leader in holographic waveguides used for XR (extended reality) displays. With this additional funding, DigiLens takes a significant step toward being the core technology ingredient that will soon be inside XR hardware produced by a global ecosystem of contract manufacturers, OEMs, and content providers.

The O’Melveny team advising DigiLens is led by partner David Makarechian, chair of O’Melveny’s Emerging Technologies Group, counsel Martin Mayo, and associate Deepa Kollipara.

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