TriLite, a Vienna, Austria-based developer of a small projection display for AR applications, extended its Series A funding.
The round, which brought the total amount to €20M, saw participation from Continental’s Corporate Venture Capital Unit and an undisclosed global electronics supplier for TriLite’s Trixel® 3 projection display. Existing financial investors APEX Ventures, B&C Innovation Investments and TEC Ventures also participated in this round.
The company intends to use the funds to expand operations and its development efforts.
TriLite designs and builds smallest projection displays that are based on proprietary, multi-parameter algorithms and deploy advanced machine learning algorithms to generate laser beam scanning devices. Its Trixel® 3 projector offers high image performance and brightness in an ultra-compact display, enabling original design manufacturers (ODMs) and original equipment manufacturers (OEMs) to develop consumer AR smart glasses and automotive driver information and passenger comfort applications.
FinSMEs
11/09/2024