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INDUSTRY FIRST

Envisics Raises $100M In Series C Round For Automotive Holographic Technology

Sep 06, 2023almost 2 years ago

Amount Raised

$100 Million

Round Type

series c

Milton KeynesAutomotive

Investors

Gm VenturesTarsadia InvestmentsIn Motion VenturesHyundai MobisVan Tuyl CompaniesM&G Investments

Description

Automotive holographic tech company Envisics has completed its Series C funding round with additional investment by new investor M&G Investments and follow-on investment from existing investor Van Tuyl Companies.

Company Information

Company

Envisics

Location

Milton Keynes, England, United Kingdom

About

Envisics is a globally renowned innovator in dynamic holography, developing new technologies for the future of head-up display (HUD) and augmented reality (AR). Driven by our Dynamic Holography Platform, our mission is to redefine the way people see and interact with their vehicles and the world around them. Holographic augmented reality in head-up displays (AR-HUD) overlays pertinent and useful information upon the real world, all within the driver’s field of view, enhancing their ability to make informed decisions. Headquartered in Milton Keynes, United Kingdom with a presence in the United States and Europe, our team consists of highly talented individuals including world-leading scientists and engineers. We pride ourselves in adopting a positive working environment, encouraging innovation, creativity and collaboration across all areas of the business. Our technology is truly ground-breaking; coupled with our partnerships with some of the world’s leading automakers and tier-one suppliers, Envisics is creating the future of holographic technology, giving rise to the reality of smarter and safer vehicles.

FundzWatch™ Score

81
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech