Swave’s HXR technology is designed to provide high-resolution 3D images. Credit: Swave Photonics/PRNewswire.

Holographic display company Swave Photonics has secured €27m ($28.27m) in Series A funding to advance its Holographic eXtended Reality (HXR) platform that creates holographic images to eliminate current challenges related to focal depth and eye tracking.

The Belgium-based company will use the investment to accelerate the development of the HXR platform, which aims to enhance the user experience for artificial intelligence (AI)-powered augmented reality (AR) smart glasses and heads-up displays.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Co-led by imec.xpand and SFPIM Relaunch, the funding round was received additional funds from new investors EIC Fund, IAG Capital Partners, and Murata Electronics North America. Existing investors Qbic Fund, PMV, imec, and Luminate also participated.

This follows Swave’s seed round that raised €10m in 2023 to facilitate the launch of its HXR technology and team expansion.

Swave’s HXR technology is known for utilising what it claims to be the world’s smallest pixel to create ‘high-quality’ 3D holographic images that offer a ‘reality-first user experience’ for AR smartglasses and heads-up displays.

These images are designed to interact with and adapt to the user’s environment, processed naturally by the human vision system through the company’s patented DynamicDepth technology.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Swave co-founder and chief operating officer Dmitri Choutov said: “With Swave’s seed funding, we successfully built our team, proved the capabilities of the technology, and completed prototype designs.

“With Series A funding secured and silicon running at our partner fabs, we are on track to introduce product development kits and soon thereafter production devices.”

The firm’s HXR technology eliminates the need for expensive components such as waveguides or varifocal lenses, which are typically required for AR devices.

Swave co-founder and chief product officer Theo Marescaux said: “AR glasses are set to become the primary interface for AI-powered spatial computing and other applications, and Swave is uniquely positioned to enable this future.

“We are co-designing every element—from our holographic SLMs with cutting-edge nano-pixels, to real-time compute chips, light engines, and AR combiners—delivering the most advanced and integrated solution yet.”

Currently, Swave holds 60 core patents for its technology. The firm was established in 2022 as spin-out of independent nanoelectronics R&D hub imec.