AR tech Company Avegant Secures $12 Million in Series A Funding

By StartUp City

Avegant Corp., a Belmont, Calif.-based developer of AR tech solutions, raised $12M in Series A funding.

Backers included new investors Walden SKT Venture Fund and China Walden Venture Investments III, L.P., as well as previous investors.

The company intends to use the funds to expand operations and continue to build its solutions. The California-headquartered startup is focusing its activities on its next-gen display technologies, which targets the consumer market.

Led by Ed Tang, CEO, Avegant uses scientific understanding of human sight and head-mounted display ergonomics together with its consumer electronics manufacturing experience to develop displays that enable realistic AR experiences for consumers. Its Light Field Technology allows a compelling, up-close, hands-on AR experience, and its Consumer AR Display Technology makes these experiences possible in a consumer wearable AR device.