WaveOptics

Abingdon, United Kingdom Founded: 2014 • Age: 12 yrs Acquired By Snap
Developer of waveguides for AR-based smart glasses
Annual revenue - Latest available
Total funding $54.9M 4 rounds
Employees 115 Tracked headcount
Investors 13 Known backers
Products 3 Services tracked
Competitors 9 Brand Intelligence

About WaveOptics

WaveOptics is a company based in Abingdon (United Kingdom) founded in 2014 by Sumanta Talukdar and David Grey was acquired by Snap in May 2021. WaveOptics has raised $54.94 million across 4 funding rounds from investors including Snap, Hostplus and Blippar. The company has 115 employees as of December 31, 2023. WaveOptics offers products and services including Waveguides, Projectors, and Optical Engines. WaveOptics operates in a competitive market with competitors including XREAL, Magic Leap, Vuzix, RealWear and DigiLens, among others.

  • Headquarter Abingdon, United Kingdom
  • Employees 115 as on 31 Dec, 2023
  • Founders Sumanta Talukdar, David Grey
  • Sectors
    Technology
  • Phone
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  • Website
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  • Social
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  • Legal Name Wave Optics Limited
  • Date of Incorporation 05 Sep, 2012
  • Jurisdiction ABINGDON, ENGLAND
Operational Areas
Technology → Extended, Virtual & Augmented Reality Unlock Sub-Sector Unlock Segment
Technology → Semiconductors, Electronics & Hardware Unlock Sub-Sector Unlock Segment
Technology → Extended, Virtual & Augmented Reality Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $54.94 M (USD)

    in 4 rounds

  • Latest Funding Round
    $13 M (USD), Series C

    Sep 10, 2019

  • Investors
    Snap

    & 12 more

  • Employee Count
    115

    as on Dec 31, 2023

  • Acquired by
    Snap

    (May 21, 2021)

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Products & Services of WaveOptics

WaveOptics offers a comprehensive portfolio of products and services, including Waveguides, Projectors, and Optical Engines.

Product name locked
Category locked
Primary

Provides technology for image transfer in augmented reality eyewear systems.

Product name locked
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Offers devices for optical performance in AR applications.

Product name locked
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Delivers integrated systems for rapid AR product prototyping.

People of WaveOptics

Headcount 1000-5000
Employee Profiles 561
Board Members and Advisors 7
Employee Profiles
People
Derek Andersen
CFO
People
Cisca Brouwer
Senior Associate General Counsel, Global Commerce
People
Lauren Feinstein
HR Technology Manager, Integrations
People
Doug Hott
VP, Finance

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Board Members and Advisors
people
Poppy Thorpe
Independent Director
people
Liz Jenkins
Independent Director
people
Scott D. Miller
Independent Director
people
Joanna Coles
Independent Director

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Funding Insights of WaveOptics

WaveOptics has successfully raised a total of $54.94M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $13 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in WaveOptics

WaveOptics has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Snap, Hostplus and Blippar.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital investment and support for founders in technology and health sectors.
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Venture capital and advisory services are offered across multiple sectors.
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Venture capital investments are made in innovative technology startups.
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Investor details for WaveOptics

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  • Investor locations
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Investments & Acquisitions by WaveOptics

Investments
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Investment portfolio details for WaveOptics

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  • Transaction dates
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Financial Statements - WaveOptics

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Detailed financials for WaveOptics

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Waveoptics Comparisons

WaveOptics Primary company
Description
Developer of waveguides for AR-based smart glasses
Location
Abingdon, United Kingdom
Founded Year
2014
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
115
As of 2023
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Peer comparison for WaveOptics

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Competitors of WaveOptics

WaveOptics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as XREAL, Magic Leap, Vuzix, RealWear and DigiLens, among others.

Company Name Domain Founded year HQ Location Description
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Augmented-reality smart eyewear is offered by XREAL for device compatibility.
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Head-mounted virtual retinal displays for augmented reality viewing are provided.
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Smart glasses are provided for remote support and teleconferencing.
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Provider of wearable heads-up display for industrial workers
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Designs optical waveguide technology for HUD, AR and biometric applications
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AR-based platforms for industrial remote assistance are provided.
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Detailed competitors of WaveOptics

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  • Competitive positioning

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Latest news on Waveoptics

Tech experts join JT board
Bailiwickexpress5 years ago
Disposal of stake in WaveOptics Ltd
Globenewswire5 years ago
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Complete news archive for WaveOptics

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about WaveOptics

WaveOptics was founded in 2014 and raised its 1st funding round 1 year after it was founded.

WaveOptics is headquartered in Abingdon, United Kingdom. It is registered at Abingdon, Oxfordshire, United Kingdom.

WaveOptics is a funded company, having raised a total of $54.94M across 4 funding rounds to date.

As of Dec 31, 2023, the latest employee count at WaveOptics is 115.

WaveOptics, established in 2014 and currently in Acquired stage, focuses on high tech, creating AR experiences, display devices, screen-based, smart glasses, display enablers, and waveguides. Developer of waveguides for AR-based smart glasses. Adapting to market demands with innovation and client-focused strategies.

WaveOptics's top competitors include RealWear, XREAL and Magic Leap.

WaveOptics offers Waveguides, Projectors, and Optical Engines.

WaveOptics has 13 investors. Key investors include Snap, Hostplus, Blippar, Goertek, and IP Group.

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