Collab+Currency is a venture fund that focuses on crypto-focused companies. The company provides early-stage initiatives advancing consumer and cultural technology. Additionally, it provides resourceful founders with the vision to influence the social order.

Collab+Currency

6th Man Ventures is an early stage crypto VC firm investing in web3 applications & infrastructure 6MV was born from a love of web3 in practice and principle, founded and run by a group who both see the potential and actively work to bring projects to life every day. That makes us incredible partners to have on your journey. 6th Man Ventures was established in March 2021 in New York, United States.

6th Man Ventures

Andreessen Horowitz is a venture capital firm specializing in investing in seed, start-ups, early, mid-stage, growth, and late-stage. It prefers to invest in the social media business and technology sector with a focus on software, back-end infrastructure, the infrastructure of the Internet, cloud computing, enterprise software and services, consumer, business Internet, mobile-Internet, consumer Internet, cloud computing, data storage, social network browsers data-storage, consumer electronics, networking functions, software related biology, biotech, and medicine companies at the intersection of computer science and life sciences with a focus on digital therapeutics, cloud technology in biology, and computational medicine.

Andreessen Horowitz

Square Enix develops, publishes, and markets interactive entertainment titles worldwide. It publishes online games, mobile entertainment, music, and DVDs. The company’s products include Final Fantasy, Dragon Quest, Tomb Raider, Heroes & Generals, Deus Ex Human Revolution Director’s cut, Final Fantasy Original Soundtrack, SaGa Frontier Original Soundtrack, Xenogears Original Soundtrack, Chrono Trigger Original Soundtrack, and Space Invaders.  The company also provides PlayOnline, a cross-platform online community; and multiplayer online role-playing games for PC, Mac, and Linux. Square Enix was founded in 1989 and is based in El Segundo, California.

Square Enix

Huasheng Capital manages two RMB main funds, two USD main funds and several special funds, with an asset management scale of nearly US$4.1 billion. It covers industries growth and mature enterprises in key areas including O2O and new generation e-commerce, Internet finance, medical health, cultural entertainment and new media, IOT (big data, cloud computing, Internet of Things) and enterprise services.

Huasheng Capital

Gaingels is a venture investment syndicate in service of the LGBT+ community and its allies, investing in companies with LGBT+ founders and C-suite leaders at all stages of growth, as well as in more established companies resolved on building more inclusive teams, with a global portfolio of 130+ companies and $70M in deployed investment capital to date.  The Gaingels network also actively supports its portfolio in identifying and recruiting diverse talent to their C-suite and board leadership teams and fosters a vibrant global community of industry leaders, investors, operators, and entrepreneurs who share a common goal for positive social change through business and successful investments.

Gaingels

Admix is a monetisation platform for game developers that enables non-intrusive, programmatic product placements within their content. Admix is a programmatic platform for everything from immersive technologies to mobile games, selling their inventory to popular demand-side platforms and giving millions of advertisers the ability to buy game media in a couple of clicks.

LandVault

GFR Fund is a San Francisco-based venture capital fund that invests in early-stage startups that are disrupting the consumer entertainment industry. GFR Fund is managed by GREE VR Capital, an affiliate of GREE Inc., a global leader in the mobile gaming industry. With over a decade of experience driving innovators in multi-platform entertainment, we see emerging technologies such as VR, AR, AI, Video Streaming and Blockchain as powerful tools that will propel the entertainment industry into a new generation of consumable content. We are looking for talented entrepreneurs who share our passion and values to help realize their vision and expand their businesses globally.

GFR Fund

Shrapnel is an AAA Extraction FPS powered by next-gen community-driven tools, built on the blockchain to offer true ownership.

Neon Machine

Flamingo DAO is an NFT-focused DAO that aims to explore emerging investment opportunities for ownable, blockchain-based assets.

Flamingo DAO

Mona’s mission is to empower people around the world to create, collect, and share high quality immersive experiences on the blockchain, growing the Open Metaverse. Mona is the medium of the metaverse.

Monaverse

Contango Digital Assets is a web3 venture capital fund hyper focused on infrastructure and dev tooling solutions. Contango invests in venture-stage protocols, applications and founders that can onboard the next billion people into crypto. They also run a web3 developer recruitment service called Contango Search.

Contango Digital Assets

At Founders, Inc. we're quietly building the next gen. of emerging tech companies. We start companies from scratch through our venture Studio: - thirdweb ($30M raised)  - buildspace ($10M raised)  - Zeet ($4M raised)  - Scenario ($6M raised)  And we bet on early-stage builders - sometimes even before they're ready to start a company (past investments include Lexica, Levels.fyi, and more). Are you a prolific builder with an affinity for emerging tech? We'll be your first check.

Founders, Inc.

Neon DAO is a for-profit DAO for the Metaverse

Neon DAO

SLOPE Fund is a services-first venture capital firm that invests in early-stage founders and offers design and marketing services through its agency.

Slope Fund

BlockBase, formerly One Block Labs, is an investment holding company established in 2017 by a team of accomplished blockchain technologists and seasoned financial experts. Our business spans multiple sectors, including Venture Capital, Tech Product Innovation, and Media & Publishing. BlockBase Ventures aims to offer exclusive access to carefully curated investment opportunities in the Blockchain industry. We foresee a new internet era in which industries will be revolutionized through decentralized systems, smart contracts, and digital assets. BlockBase aspires to be more than just a source of capital. As trusted partners and advisors to visionary entrepreneurs, we provide them with strategic guidance, industry insights, and valuable connections to help them navigate the complex landscape of blockchain and Web3 technologies. Our goals are to accelerate blockchain adoption, democratize access to financial services, and empower individuals globally. By fostering innovation, collaboration, and sustainable growth, BlockBase can play a pivotal role in shaping the future of blockchain and Web3, supporting groundbreaking projects that have the potential to revolutionize the way we interact, transact, and create value in the digital age.

BlockBase Ventures

WAGMI Ventures invest in web3 companies through a collective network .

WAGMI Ventures

New Renaissance Ventures is the first dedicated tech fund for the Cultural and Creative Industries.

New Renaissance Ventures

Atlas

Atlas builds cutting-edge generative 3D AI technology to enable the creation of assets & virtual worlds.

Based in Austria, Atlas offers a platform for developers to craft detailed 3D models from reference images and text. The platform acts as a collaborative design partner for game developers and brands, reducing the time it takes to build virtual worlds compared to traditional methods. It enables the generation of detailed 3D models directly from reference images and textual inputs. The software's core functionality revolves around transforming 2D imagery into three-dimensional worlds, offering a vast array of possibilities for game development and design creation.&nbsp;

Exploring the limitless possibilities of AI

Generative AI Applications

Atlas offers a platform for developers to craft detailed 3D models from reference images and text. The platform acts as a collaborative design partner for game developers and brands, reducing the time it takes to build virtual worlds compared to traditional methods. This also includes assets used in VR environments/simulations.

Technologies bringing about a new reality

Extended Reality

Atlas Secures $4.5M Grant to Drive 3D AI Innovations

Based in Austria, Atlas offers a platform for developers to craft detailed 3D models from reference images and text. The platform acts as a collaborative design partner for game developers and brands, reducing the time it takes to build virtual worlds compared to traditional methods. It enables the generation of detailed 3D models directly from reference images and textual inputs. The software's core functionality revolves around transforming 2D imagery into three-dimensional worlds, offering a vast array of possibilities for game development and design creation.&nbsp;The platform was accessible only for enterprise and commercial use as of November 2023 and the company planned to initiate alpha testing for a public platform in the upcoming months.Key customers and partnershipsAs of November 2024, the platform had found applications among game developers and brands, including Consortium9, Shrapnel, and Square Enix.&nbsp;

Forethought offers a unified customer support platform based on generative AI. Its primary product is “SupportGPT,” a conversational AI chatbot that can build workflows, resolve queries, assist human agents, and fill knowledge gaps. The company targets ecommerce, FinTech, SaaS, and travel business areas.&nbsp;Forethought’s solutions include:1) Solve: A generative AI chatbot that independently handles simple but repetitive customer service tickets. The AI automatically analyzes historical customer service logs and knowledge documents to generate responses.&nbsp;2) Assist: Assists human agents by automatically generating responses to end users based on conversation history, provides context by analyzing past tickets, and draws on&nbsp; knowledge articles to help resolve queries.3) Triage: Analyzes ticket details and historical data to prioritize and route tickets to the correct agents4) Discover: Analyzes customer service history to generate new knowledge articles or recommend new workflows where gaps existForethought also offers a platform called “SupportGPT Playground,” which allows customers to train and experiment with SupportGPT using their own data. In September 2023, the company launched Autoflows that uses natural language prompts to undertake a series of tasks in order to automate customer service interactions.&nbsp;As of April 2024, Forethought’s solutions were available for integration on several customer service platforms, including Zendesk, Salesforce, ServiceNow, Freshdesk, Dialpad, Hubspot, AWS, and Talkdesk.The platform leverages <a href="https://sp-edge.com/companies/362567">OpenAI</a>’s large language models (LLMs), using the same technology as ChatGPT, along with its own algorithms to limit the data that the AI model can access. This reduces the possibility of completely incorrect responses (hallucinations)—a documented issue with unconstrained LLMs such as ChatGPT. It does this by using the algorithms to generate a query that is submitted to the large AI model as a guide, which allows responses to be more specific to a customer’s workflow.Key customers and partnershipsAt its launch in March 2023, its customers included Kickfin and Upwork. As of April 2024, Forethought’s customers included Lime, iFIT, Achievers, Q4 Inc., Etekcity, Beeline, Uncommon Goods, Spoonflower, Kajabi, PDQ, Desire2Learn, and Thumbtack.In December 2021, Forethought partnered with academic research center Mila to conduct further research in AI and ML fields to enhance customer experience. Funding and FinancialsIn December 2021, Forethought raised USD 65 million in a Series C funding round led by Steadfast Capital to accelerate growth. Total raised funding stood at USD 92 million as of April 2023. In 2021, the company reported an increase in annual recurring revenue (ARR) by 5x.&nbsp;

Forethought

Got It AI has developed a ChatGPT-like conversational chatbot for enterprise Q&amp;A applications. Its solutions include:1)&nbsp; CX Autopilot: A virtual agent solution that analyzes an organization’s customer service articles or external knowledge sources to provide accurate conversational support in customer service and employee workflow applications&nbsp;2) AutoFlows: A tool that helps analyze customer service voice, chat logs and other data to identify the dialogue paths in a given workflow and build them into a virtual agent. AutoFlows requires no code; integration with customer systems is assisted by a human team3) Hallucination Manager:&nbsp; A tool that can identify if an AI is “hallucinating,” a common issue with large language models (LLMs) causing incorrect response generation. Truth Checker is able to detect when a response generated for a customer query is irrelevant or entirely incorrect, preventing the response from being delivered to the user and providing links to knowledge articles, if so.&nbsp;For customers unwilling to use a large open-source LLM via an API or those that are unable to operate an expensive LLM on-premises, Got It offers its own proprietary Enterprise Language Model Architecture (ELMAR). Launched in March 2023, ELMAR is smaller than models like GPT-3 and can be run on readily available hardware. Combined with input scanning and Truth Checker AI, ELMAR is able to match larger models for accuracy in narrower enterprise workflows, such as customer Q&amp;A.Key customers and partnershipsGot It AI’s customers included crowdfunding website Indiegogo and baby care product brand Frida (June 2022).In October 2023, Got It AI partnered with <a href="https://sp-edge.com/updates/22708">NVIDIA</a> AI Solutions to integrate its ELMAR platform with NVIDIA's AI technologies.Funding and financialsGot It AI has raised a total of USD 22.5 million in funding as of April 2023 across several rounds and emerged from stealth in June 2022. Got It AI’s co-founder and venture capitalist Peter Relan has participated in several of the firm’s funding rounds.

Got It AI

Persado is a “motivation” platform generating marketing content using machine learning. The platform recognizes different customers based on their reactions to language and uses those insights to generate personalized content that engages across all channels (web, email, ads, etc.) Persado’s use cases include:1) Personalization: Identifying what content will motivate each customer to generate personalized messaging across all marketing channels2) Acquisition: Using personalized messaging for higher conversion rates in customer acquisition campaigns3) Onboarding: Personalizing content for each individual and engaging customers from the day of acquisition4) Retention: Keeping customers engaged using personalized messaging for renewals, loyalty programs, and upgrades5) Pre-collections: Promoting on-time payments using encouraging language and providing clear instructions6) Customer service: Encouraging customers to follow self-service promptsIn August 2023, Persado launched <a href="https://sp-edge.com/updates/21089">“Essential Motivation”, </a>to help marketers create emotionally resonant messages, to drive customer engagement and conversion rates. The company unveiled <a href="https://sp-edge.com/updates/27700">new features </a>to this in March 2024, including new product descriptions, segment personalization, brand alignment scores, and web copy optimization, aimed at improving marketing content effectiveness.The Persado platform, based on a proprietary language model, uses a large consumer behavior database of historical interactions (1.2 billion consumers and over 100 billion interactions as of April 2024) to determine what qualities of a message appeal to consumers. Given a set of keywords as input, it leverages deep-learning transformer models to generate messages that are most likely to bring conversions, ensuring the content is in line with a customer’s brand using specially trained language models.Over time, Persado uses machine-learning experimentation and decision-making to identify how messages cause each consumer to behave, enabling additional personalization for each future communication. The platform can also directly integrate with customer data platforms (CDPs) to leverage consumer language profiles.Persado also integrates with common marketing tools to fit into marketing teams’ workflows, providing detailed dashboards and analytics to visualize the impact of each piece of content.The company claims that its solution can increase ecommerce revenue by 3%–5%.Key customers and partnershipsPersado partnered with digital journey continuity platform Namogoo in May 2023, integrating its dynamic motivation platform with Namogoo’s customer intent and segmentation database to allow ecommerce stores to dynamically adapt their messaging for individual customers. In March 2024, it partnered with <a href="https://sp-edge.com/updates/27701">Bounteous x Accolite </a>to leverage Persado's language knowledge base and GenAI tools to enhance commerce and marketing experiences across diverse sectors.Persado’s customers as of April 2023 include Vanguard Group, Marks &amp; Spencer, Chase Bank, Emirates NBD, and Vodafone.

Persado

Founded in 2022, SellScale is a GenAI-driven sales and marketing outbound platform that streamlines sales communication, which originated during the founders' work on the <a href="https://www.dailydropout.fyi">DailyDropout.FYI</a> newsletter. This led to SellScale’s evolution into a comprehensive solution, where sales development representatives (SDRs) utilize it to train GPT-3 and other language models using their top-performing outbound emails. It then customizes these emails using data from CRMs and 40+ (December 2022) data sources, including social media, RSS feeds, and articles. The platform optimizes sales workflows by prioritizing prospects, streamlining follow-ups, enabling multi-threaded engagement (generating leads from multiple contacts), and automating scheduling. It also integrates with tools like Gmail, Outreach.io, Apollo, LinkedIn, and Zapier, as well as CRMs like HubSpot and Salesforce, to improve workflow efficiency.The platform claims to execute speed-to-lead processes within minutes, compared to the industry standard of 2.75 days.Key customers and partnershipsThe firm's solutions are specialized for SDRs across healthcare, FinTech, technology, and business consulting, where the firm offers specialized targeting and playbooks for the respective industries by leveraging industry-specific data. As of April 2024, its customers included Worley, Bruinen, Videra Health, and NewtonX.

SellScale

DeckRobot is a platform compatible with Microsoft PowerPoint that leverages AI to transform raw slides into enterprise-ready presentations. DeckRobot AI transforms draft slides into professional, on-brand slides by adapting graphics from a vast library of slide examples. Users can apply an unlimited number of styles to any slide deck, including old documents, client materials, or web-sourced slides.&nbsp; DeckRobot offers enhancements for individual slides, such as adding approved icons and images, object alignment, slide resizing, and text validation through AI checks. DeckRobot's plugin acts as a time-saving tool for PowerPoint users, reducing manual work and potentially saving up to 80% of working time. The plugin emphasizes creating visually appealing presentations that adhere to company brand guidelines while maintaining content quality.&nbsp; Key customers and partnerships&nbsp; As of April 2024, the company reportedly worked with 70% of the largest consulting and audit companies. .

DeckRobot

Companies that offer solutions to generate personalized marketing content including blogs, social media posts, ads, emails, website landing pages, product descriptions for ecommerce optimization, and other content for marketing campaigns.

Companies that offer solutions to generate 3D designs and digital assets (including product prototypes, artwork, novels, and interior spaces) from text prompts or uploaded images.

Companies that offer solutions to improve business processes including task automation, facilitating employee training, making resources available for employees to improve knowledge, and providing information to better respond to customer queries efficiently. Also includes solutions targeting customer analysis and strategy formulation.

Companies that provide personalized learning experiences for users to improve language skills, literacy, critical thinking, and writing skills; companies that extract data to compile and summarize research documents and podcasts as well as those that offer information gathering and analysis solutions for finance/investments.

Companies that offer AI solutions to create music, movies, and online games.

Companies that offer natural language conversational chatbots providing answers for queries instead of links.

Companies that use AI to generate code in any programming language based on human language description. Also includes companies that can generate synthetic data based on the information available (like text, images, and video data) to facilitate better data analytics and develop accurate machine learning models with synthetic training data.

Generative AI applications are built on foundation models that are trained using advanced ML models

The technology allows the creation of digital avatars and virtual games

All companies within the space offer a product or service based on generative AI

The technology allows the creation of personalized content

Some applications leverage NLP to train models to process and respond to language-based prompts

Generative AI applications are built on in-house or third-party foundation models

Atlas offers a platform for developers to craft detailed 3D models from reference images and text. The platform acts as a collaborative design partner for game developers and brands, reducing the time it takes to build virtual worlds compared to traditional methods. This also includes assets used in VR environments/simulations.It enables the generation of detailed 3D models directly from reference images and textual inputs. The software's core functionality revolves around transforming 2D imagery into three-dimensional worlds, offering a vast array of possibilities for game development and design creation.The platform was accessible only for enterprise and commercial use as of November 2023 and the company planned to initiate alpha testing for a public platform in the upcoming months.Key customers and partnershipsThe platform has found application among game developers and brands, including Consortium9, Shrapnel, and Square Enix.Funding and financialsIn February 2024, Atlas received a grant of EUR 4.5 million (~USD 4.8 million) from the Austrian Research Promotion Agency (FFG). Funds were to be directed toward expanding Atlas's R&amp;D activities over three years, with specific allotments determined by the achievement of set milestones. The company previously raised USD 6 million in seed funding across two rounds in November 2023.

Interplay Learning (Interplay) provides on-demand, interactive, and hands-on simulation learning courses for skilled trades, including HVAC, plumbing, electrical, solar, and facilities maintenance, through VR, mobile, and desktop applications. The learning courses also include simulated walkthrough videos where experts lead users through procedure guides methodically, with knowledge testing features and additional learning material such as wiring diagrams, equations, sample system configs, and charts at the end of each lesson. The platform also enables managers to track user progress.The company operates a subscription-based model with monthly packages for individuals (USD 54) and teams (USD 229), alongside a custom plan for larger organizations.Key customers and partnershipsNotable customers include Tesla and Rheem Manufacturing. Interplay’s customer usage rose by 445% YoY in 2020. As of February 2021, the platform had over 2,000 customers and 110,000 users across the US.Funding and financialsIn its last funding round (February 2021), Interplay raised USD 18 million in Series B funding co-led by S3 Ventures and Owl Ventures, the world’s largest venture capital firm focused on education technology. As part of the deal, Managing Director of Owl Ventures, Ian Chiu, joined Interplay’s board. The funds were raised to expand its offering to new markets and to accelerate its vision to combine immersive learning experiences with a human connection.

Interplay Learning

Switzerland-based WayRay develops holographic AR technology and hardware for the automobile sector. Its technology is used in head-up displays (HUDs) that project images into a driver’s field of vision to assist with navigation. Although its initial focus was on developing HUDs that can be purchased and installed in any vehicle, it has since pivoted to producing embedded HUD systems (i.e., hardware built into vehicles). WayRay’s HUDs are considered to provide a wider field of vision and combine data (location and mapping information) with vision data to generate images by projecting a laser beam through a Picture Generating Unit (PGU) onto a Holographic Optical Element (HOE).&nbsp;In <a href="https://sp-edge.com/updates/18537">May 2023</a>, WayRay announced integration of its AR displays into Tesla Model 3's in Switzerland, with plans to follow shortly afterwards in the US. Previously, in September 2021 the company launched its deep reality system that replaces the traditional car dashboard. In addition, WayRay launched “The Holograktor” dubbed the first “metaverse on wheels”, which can be driven conventionally or using a remote control via a 5G and satellite connection (November 2021).&nbsp;The company’s founder and CEO, Vitaly Ponomarev, identified that its systems are more advanced, backed by more patents, and potentially 20x smaller than comparable devices in the market. WayRay’s HQ in Switzerland also acts as a product design and development hub, while its R&amp;D center and prototyping factory are based in Russia.&nbsp;Key customers and partnershipsThe company is backed by strategic investors such as luxury automaker Porsche, which highlighted the management’s expertise in space engineering, hardware, and software development as key reasons for its investment, Hyundai Motor Co., and Alibaba. It is also notable that these investors, particularly Hyundai, are looking at ways to potentially use WayRay’s technology to offer more services in the future. For instance, Hyundai believed that the technology could be used for smart cities and smart buildings, which are its new areas of interest.WayRay partnered with Karma Automotive, a producer of luxury electric vehicles, in December 2021 to support the implementation of its HUDs into their test fleet. Moreover, it partnered with a leader in designing and manufacturing specialty glass, AGP eGlass, in September 2021 to further proliferate its technology.&nbsp; Funding and financialsIt was reported in April 2021 that the company is considering a public listing at a USD 2 billion valuation via a SPAC, although no further updates on this have been announced as at January 2024.&nbsp;

WayRay

AmazeVR initially focused on developing VR technologies but pivoted to VR concerts in late 2019. The concerts are backed by proprietary 9K cameras and software that automate complex VR concert visual effects that run on more than 100 headsets simultaneously. Users join and hang out with other users as avatars while experiencing VR concerts. It intends to bring VR concerts by major artists to theaters and eventually, homes.AmazeVR rolled out its first commercial VR concert, which will feature 3x Grammy winner Megan Thee Stallion, in 2022. The artist is expected to tour select AMC Theaters across the US. It is also in the final stages of closing deals with its second and third artists. AmazeVR also revealed plans to release weekly content by 2024 in theaters and for at-home viewers.In <a href="https://sp-edge.com/updates/20145">July 2023</a>, AmazeVR launched its official AmazeVR Concerts app, featuring an exclusive VR concert from Swedish pop star, Zara Larsson. The app is available on major VR app stores, and the exclusive Zara Larsson VR concert can be accessed for a year at a launch price of USD 6.99. AmazeVR also produces and monetizes VR content on a subscription basis.As of August 2023, the company was in the process of producing and releasing mixed reality concerts by overlaying virtual elements onto live, real-world video.Funding and financialsThe company’s most recent funding was in <a href="https://sp-edge.com/updates/13338">September 2022</a>, when it raised USD 17 million in a Series B funding round led by Mirae Asset Capital. The fresh funds were allocated to expand partnerships with artists, artist management companies, labels, publishers, and agencies.

AmazeVR

Dispelix, based in Finland, designs and manufactures single-layer, full-color waveguide displays, a thin (about 1mm) transparent element that takes in a projected image and relays it to the eye, using a nanophotonics-based approach catering to AR applications (e.g., smart glasses). It uses laser beam scanning technology to render laser-sharp images with a gamut of color palettes, which are displayed using beam-combiner technology. Its patented and proprietary approach includes diffractive surface relief gratings, which are elements used for high-power laser applications, fabricated on high refractive index glass wafers that enhance field-of-view and image quality.The company had a total of more than 40 granted or pending patent families as of November 2021. Its product line, Dispelix DPX, includes Dispelix DPX - Ohut, Dispelix DPX - Selva, and Dispelix DPX - Sade with a varying degree of field of view, form factor, and weight. According to Co-Founder and CTO Juuso Olkkonen, its displays are the lightest and thinnest in the market.Key customers and partnerships1) Foxconn and Pegatron: to create reference designs for AR glasses based on its Selvä waveguide display (October 2023)&nbsp;2) VividQ: created a “waveguide combiner” which accurately displays variable-depth 3D content in a user’s environment (January 2023)3) ColorChip and Maradin: To further Light Beam Scanning (LBS) solutions for AR glasses (October 2022)4) Jade Bird Displays: To develop multiple reference designs for AR devices (June 2022)5) AAC Technologies: To improve waveguide displays for the AR and MR industry (March 2022)6) OQmented: for the development and commercialization of MEMS-based LBS technology (November 2021)7) Coretronic: To develop a range of AR optical module solutions (December 2020)8) Hoya Corporation: To improve quality of waveguide displays (November 2020)Funding and financialsIn its most recent funding round (November 2021), Dispelix raised USD 33 million in a Series B funding round co-led by Atlantic Bridge, CCB Trust, and Flashpoint with participation from Lifeline Ventures, VTT Ventures, and 3M Ventures. The funds were allocated to product development. It revealed that several OEM customers were slated to integrate its technology into their consumer offerings by 2023.

Dispelix

DigiLens is a developer of holographic waveguides, which is a clear, thin piece of glass or plastic, used for AR devices. In January 2023, the company launched ARGO, an XR smartglass designed for enterprise and industrial use, the first AR device to utilize Qualcomm’s SnapDragon XR2 platform. Other specifications included 6-degrees of freedom (6-DoF) tracking, a 30-degree field-of-view, spatial audio, a 48MP RGB camera, voice and gaze recognition, access to real-time data visualizations, and a 2,500-nits HD display.&nbsp;The company’s first product, the DigiLens Crystal was introduced in 2019, was a thin-film laser-etched photopolymer embedded with microscopic holograms of mirror-like optics. By projecting a micro display to one end of the lens and another set of optics working to guide the light wave toward the eye, this proved to be an ideal piece of hardware for AR devices, which are preferred with as little hardware as possible.&nbsp;It claims that its patented optical platform and photopolymer technology coupled with a holographic copy manufacturing process enable it to produce cheaper and more scalable solutions. In <a href="https://sp-edge.com/updates/17598">April 2023</a>, the company announced the launch of SRG+, a surface relief gratings product that improves upon its waveguide technology.The company generates revenue by licensing its technology across a range of industries including the automobile, enterprise, consumer, avionics, and military sectors. DigiLens also offers a white-label solution for automotive companies whereby it creates holographic waveguides for windshields that could offer in-cabin experiences for drivers.&nbsp;&nbsp; Key customers and partnershipsKey partnerships include that with1) Phantom Technologies: - Phantom Technology: To integrate Phantom's CASSI Spatial AI assistant into the DigiLens ARGO glasses, providing features such as spatial search, a contextual assistant, and task management using voice commands (October 2023)2) Wisear: To integrate its neural interface-powered earphones with the ARGO smart glasses (May 2023)3) Mojo Vision: To utilize Mojo Vision's micro-LED technology to build improved AR glasses (May 2023)4) Taqtile: To integrate the company's ARGO smart glasses with Taqtile's AR work platform, Manifest (May 2023)5) OMNIVISION: To develop new XR product offerings (January 2023)Other partnerships include that with OMNIVISION (January 2023), a leading global developer of semiconductor solutions to develop new XR product offerings. OMNIVISION’s liquid crystal on silicon (LCOS) panels allowed DigiLens to build LCOS/LED projectors optimized for its holographic waveguides. OMNIVISION's core camera technology provides DigiLens' devices with features such as visual odometry and six degrees of freedom.&nbsp;DigiLens also works with Taiwanese licensed waveguide manufacturer Young Optics, Chinese original design manufacturer and electronics supplier Malata, Korean display manufacturer Sekonix, international technology company Continental, Chinese optical elements manufacturer Crystal Optech, and Mitsubishi Chemical.&nbsp;Funding and financialsIn April 2022, DigiLens announced the second close of its Series D funding round (intiial close in November 2021) in which it raised USD 50 million at a valuation of USD 530 million. The funds were allocated for the development of DesignV1, its second-generation product.

DigiLens

Companies developing XR headsets and relevant sub-components (displays, sensors, and processors). Also includes complementary XR hardware (tracking devices, haptic vests, and gloves)

Companies offering engines that enable the development of AR/VR content, also includes companies offering capabilities to capture and create 3D images for immersive environments

Companies offering AR/VR solutions or toolkits for specific industry applications, including VR game developers

Companies offering location-based AR/VR experiences

AR/VR platforms offer remote assistance to field experts and headset manufacturers facilitate virtual work

Some solutions in the "content" segment are offered under a B2B SaaS model

Headsets and content segments provide the building blocks for the metaverse

AR, VR, and MR are the primary enabling technologies for the XR industry

ANALYST_QUICK_TAKE

<div>
 Atlas, a company specializing in GenAI-based 3D and asset creation technologies, has secured a grant of EUR 4.5 million (~USD 4.8 million) from the Austrian Research Promotion Agency (FFG).
 These funds will be used to boost Atlas's research and development activities for the next three years. The exact distribution of the grant will depend on the company meeting certain milestones.
</div> Analyst QuickTake: 
 This marks the second round of funding within three months after Atlas surfaced from stealth in November 2023, raising USD 6 million. This grant demonstrates the company’s success in using GenAI in the gaming space.

Atlas

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