Dispelix press release on 19th April, 2016:
Dispelix Ltd, the maker of see-through lenses for Augmented Reality, announces today EUR 1.7 million funding round from Lifeline Ventures and VTT Ventures. Dispelix was recently spinned out from VTT Technical Research Center of Finland based on science and research in optics and display manufacturing technology for the Dispelix products since 2011.
"Dispelix makes thin AR displays with broad field of view, matching to and exceeding what is available today. Our lenses are manufactured in large quantities and have price points that allow mass-market consumer products, unlike existing technologies", comments Antti Sunnari, CEO and co-founder.
"The Dispelix technology enables true creation of immersive Augmented Reality experiences. It has both performance and cost structure for products from high-end professional use to sports and leisure. It can be embedded into applications from smart helmets to regular eyeglasses, and has simple optical interfaces for our partners to use", comments Juuso Olkkonen, CTO and co-founder.
"Previously, Augmented Reality optics have been too bulky to wear, too costly to embed in products and too difficult to manufacture in large volumes. Dispelix is the next generation that enables real growth in the industry", comments Jyrki Saarinen, chairman of the board, professor and optics entrepreneur.
The Dispelix technology is currently being embedded into its first partners' products. The respective announcements are expected in 2016.
Dispelix Ltd (http://www.dispelix.com) is the producer of high performance Augmented Reality see-through displays from high-end industrial applications to mass-market consumer products, thanks to manufacturing scalability and the resulting price points. The Augmented Reality technology by Dispelix is a result of five years of optics and manufacturing science and research at VTT Technical Research Centre of Finland. More information: www.dispelix.com
At Lifeline Ventures, we invest in strong founders in sectors we know by heart from our experience as entrepreneurs. Due to our background, we often start working with founders before they have launched their first product. Our goal is to be the first person the entrepreneur reaches out to in times of trouble and joy. So far, we have invested in category-leading companies such as Applifier (acquired by Unity 3D), ArcDia, Enevo, NonStop Games (acquired by King.com), Moves app (acquired by Facebook), Supercell, Umbra 3D and ZenRobotics. More information: www.lifelineventures.com
VTT Ventures Ltd is the venture arm of VTT with 20 companies in its portfolio. It spins out and invests in the most promising VTT technologies with strong founders. More information: www.vttventures.fi