Israel-based augmented reality (AR) near-to-eye display developer Lumus raised $15m on Wednesday in a round led by investment group Shanda that featured photo-electric display equipment maker Crystal-Optech.
Lumus develops and sells transparent displays to consumer electronics and smart eyewear manufacturers looking to build AR technology. The funding will be used to increase production of its technologies.
Lumus chief executive Ben Weinberger said: “With this financing Lumus will move rapidly toward bringing our revolutionary optics technology to consumer applications.
“Our production ramp-up is driven by demand for Lumus displays to power high-end augmented and mixed reality applications.”
Jerusalem Global Ventures and Vaizra Investments provided $6m of funding to Lumus in 2012 after the company had raised $7m prior to that, according to Geektime.
Lumus received an undisclosed amount of series B funding from Motorola Ventures, the corporate venturing arm of communications technology provider Motorola, and Jerusalem Venture Partners in 2005.