About WayRay
WayRay is a company based in Zurich (Switzerland) founded in 2012.. WayRay has raised $98 million across 2 funding rounds from investors including Alibaba.com, Alibaba Group and Hyundai Motor Company. WayRay offers products and services including Holographic AR Display and Add-on Holographic AR Display. WayRay operates in a competitive market with competitors including DigiLens, EyeLights, CY Vision, Envisics and Brilliant Labs, among others.
- Headquarter Zurich, Switzerland
- Stage Minicorn
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Sectors
TechnologyTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Wayray Productions Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$98 M (USD)
in 2 rounds
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Latest Funding Round
$80 M (USD), Series C
Sep 18, 2018
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Investors
Alibaba.com
& 10 more
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Employee Count
Employee Count
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Products & Services of WayRay
WayRay offers a comprehensive portfolio of products and services, including Holographic AR Display and Add-on Holographic AR Display. 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 3D AR images for vehicle windshields to improve driver visibility.
Enables AR on transportation and machinery for enhanced safety and navigation.
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Funding Insights of WayRay
WayRay has successfully raised a total of $98M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $80 million completed in September 2018. 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 2
- Last Round Series C — $80.0M
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First Round
First Round
(14 Mar 2017)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Series C - WayRay | Valuation | Porsche Ventures | |
| Mar, 2017 | Amount | Series B - WayRay | Valuation | Alibaba |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in WayRay
WayRay has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Alibaba.com, Alibaba Group and Hyundai Motor Company. 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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PE firm investing in China
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Founded Year | Domain | Location | |
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Sovereign wealth fund backed by Russian goverment and private equity firm focused on growth equities
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Founded Year | Domain | Location | |
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An investment fund is operated to foster Russia-Japan economic cooperation.
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Founded Year | Domain | Location |
| 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WayRay
| 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 - WayRay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Wayray Comparisons
Competitors of WayRay
WayRay 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 DigiLens, EyeLights, CY Vision, Envisics and Brilliant Labs, 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 |
Designs optical waveguide technology for HUD, AR and biometric applications
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| domain | founded_year | HQ Location |
HUD-based smart accessory for bikers
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| domain | founded_year | HQ Location |
Head-up displays for connected and autonomous vehicles are provided.
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| domain | founded_year | HQ Location |
Holographic augmented reality head-up displays are provided for data overlay.
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| domain | founded_year | HQ Location |
An AR-based open-source ecosystem is offered for developers and hackers.
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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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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 Wayray
Frequently Asked Questions about WayRay
When was WayRay founded?
WayRay was founded in 2012 and raised its 1st funding round 5 years after it was founded.
Where is WayRay located?
WayRay is headquartered in Zurich, Switzerland.
Is WayRay a funded company?
WayRay is a funded company, having raised a total of $98M across 2 funding rounds to date. The company's 1st funding round was a Series B of $18M, raised on Mar 14, 2017.
What does WayRay do?
WayRay is developing holographic navigation systems for cars, using AR technology. Its AR technology can be overlaid into the vehicles windshield or any other glass surface and projects information virtually in front of the driver. Its Navion system offers turn-by-turn holographic navigation while adjusting according to the road environment via simultaneous localization and mapping. Also offers SDK for developing AR applications for cars. Earlier, the company was involved in connected cars space and developed an OBD dongle to track driving.
Who are the top competitors of WayRay?
WayRay's top competitors include DigiLens, Brilliant Labs and CY Vision.
What products or services does WayRay offer?
WayRay offers Holographic AR Display and Add-on Holographic AR Display.
Who are WayRay's investors?
WayRay has 11 investors. Key investors include Alibaba.com, Alibaba Group, Hyundai Motor Company, JVC KENWOOD, and Sistema.
What is WayRay's valuation?
The valuation of WayRay is $500M as of Sep 2018.
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