What They Say
We have been reporting on Leia Inc, which is developing lightfield displays, since 2017. Now Auganix reports that it has agreed $125 million in growth credit financing from a fund managed by Aon Advantage Funds LLC. The company hopes to strengthen its IP portfolio.
What We Think
With lightfield displays, it seems to me that you really need ‘patient capital’ as it’s going to be a long time before companies in the field make real money. We had missed that the firm recently appointed a new CEO from LEGO Ventures and Spotify. (BR)
