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Funding
Distance Technologies raises USD 2.7 million in pre-seed funding
Extended Reality
Jun 13, 2024
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Extended Reality

Extended Reality

Jun 13, 2024

Distance Technologies raises USD 2.7 million in pre-seed funding

Funding

  • Distance Technologies, a developer of glasses-free XR applications, has raised USD 2.7 million in an oversubscribed pre-seed funding round led by FOV Ventures and Maki.vc, with additional participation from Business Finland and Foobar.vc.

  • While funding utilization remained undisclosed, it coincided with the company’s emergence from stealth. Further updates on the development of its tech will be released later in the year. 

  • Distance Technologies offers an XR platform that turns any transparent surface into a mixed reality window built by the creators of Varjo’s XR headsets. It uses computer-generated 3D light fields to offer glasses-free immersion, backed by high per-pixel optical depth capability. Its tech is designed for integration into automotive and aeronautics systems, being evaluated by automotive OEMs for use in windows and windshields. 

  • Analyst QuickTake: Glasses-free XR applications have been touted as a "holy grail" moment for the XR industry, given their ease of integration into a user's environment. While companies such as WayRay and Envisics develop AR heads-up displays (HUDs) for automotive applications, Distance seeks to take this further by tying in its tech with a range of AI models.

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