Cellid, a Japanese developer of augmented reality (AR) glasses display modules and spatial recognition engines, announced that it has successfully raised $13 million (2 billion yen) through a private placement. The round was led by Development Bank of Japan Inc. (DBJ) and included participation from More Management Co., Ltd., KVIF-I Limited Partnership (involving Kyocera Corporation and Global Brain Corporation), 15th Rock, Inc., and FFG Venture Business Partners Co., Ltd. This latest financing brings Cellid’s cumulative funding to approximately $33 million (5.2 billion yen).
The funds will be used to accelerate the launch of Cellid’s AR products. This includes strengthening their product lineup, particularly micro projectors and waveguides, refining reference designs, and scaling up mass production to meet market demand. Additionally, Cellid will invest in recruiting top talent and advancing research and development to further enhance their waveguide technology and spatial recognition engines.
