What They Say
The waveguide developer, DigiLens, has attracted an unspecified investment from Samsung Electronics that values the firm at $500 million. Also involved in the funding are 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.
HS Kim, EVP of Samsung Electronics said:
We are very pleased to invest in and collaborate with DigiLens to prepare differentiated and competitive AR devices
A second close is expected in this round near the end of 2021.
What We Think
When I saw the headline I wondered if the investment was by Samsung’s VC business, but as it was from Samsung Electronics, it already suggested more than a ‘we can make a profit on an investment’ decision. The statement by HS Kim confirms something more.
We have covered several stories on Digilens this year, including a link to Karl Guttag’s report on a visit to Digilens which is interesting. Waveguides were a big topic in the DSCC AR/VR conference this week, so we may have more on the subject shortly. (BR)
