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
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Sectors
Technology
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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
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Products & Services of WaveOptics
WaveOptics offers a comprehensive portfolio of products and services, including Waveguides, Projectors, and Optical Engines. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides technology for image transfer in augmented reality eyewear systems.
Offers devices for optical performance in AR applications.
Delivers integrated systems for rapid AR product prototyping.
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Software Development Team
266 people
Leadership Team
31 people
Senior Team
31 people
Legal and Compliance
29 people
Human Resources and Administration
25 people
Creative and Marketing Team
24 people
Sales and Marketing
22 people
Finance and Accounting
20 people
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $13.0M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2019 | Amount | Series C - WaveOptics | Valuation | Hostplus | |
| Dec, 2018 | Amount | Series C - WaveOptics | Valuation | Octopus Ventures | |
| Jul, 2017 | Amount | Series B - WaveOptics | Valuation | Octopus Ventures , Touchstone Innovations |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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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 | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by WaveOptics
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - WaveOptics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Waveoptics Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
AR-based platforms for industrial remote assistance are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Waveoptics
Frequently Asked Questions about WaveOptics
When was WaveOptics founded?
WaveOptics was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is WaveOptics located?
WaveOptics is headquartered in Abingdon, United Kingdom. It is registered at Abingdon, Oxfordshire, United Kingdom.
Is WaveOptics a funded company?
WaveOptics is a funded company, having raised a total of $54.94M across 4 funding rounds to date. The company's 1st funding round was a Series B of $15.73M, raised on Dec 14, 2015.
How many employees does WaveOptics have?
As of Dec 31, 2023, the latest employee count at WaveOptics is 115.
What does WaveOptics do?
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.
Who are the top competitors of WaveOptics?
WaveOptics's top competitors include RealWear, XREAL and Magic Leap.
What products or services does WaveOptics offer?
WaveOptics offers Waveguides, Projectors, and Optical Engines.
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