DigiLens Valuation, Funding & Investors

DigiLens is valued at $530M as of April 2022.

Last DigiLens valuation

$530M

Series D · Apr 2022

Last DigiLens funding round

$50M

Series D · Apr 2022

Cumulative funding DigiLens raised

$147M

across 4 funding rounds

Key investors in DigiLens

  • Continental
  • Sony Innovation Fund
  • Dolby Family Ventures
  • Alsop Louie Partners
  • Diamond Edge Ventures
  • UDC Ventures

DigiLens Overview

About DigiLens

DigiLens is a Sunnyvale-headquartered developer of holographic waveguide displays for extended reality applications across automotive, consumer electronics, and defense sectors. Founded in 2010, the company employs switchable grating technology with photopolymer materials for thin, lightweight AR glasses and heads-up displays. DigiLens partners with OEMs like Panasonic and Thales for avionics HUDs and supplies modules to military programs including F-35 helmet systems. Its low-cost manufacturing process enables mass production of XR devices viewable in bright sunlight with wide fields of view up to 50 degrees.


Founded

2003

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$530M (Apr 2022)

DigiLens Valuation

DigiLens is currently valued at $530M, based on its Series D in April 2022.

The $50M round included Samsung, Alsop Louie Partners, 37 Interactive Entertainment, Dolby Family Ventures, Teak Capital and 3 other investors.

DigiLens' valuation has grown 3.8x from $139M at its Series C in May 2018 to $530M in April 2022, across 2 priced rounds.

DigiLens valuation by funding round

DigiLens valuation by funding round
DateStageValuation
Apr 2022Series D$530M
May 2018Series C$139M

DigiLens Funding History

DigiLens has raised a total of $147M across 4 funding rounds.

DigiLens' first fundraising round was a $22M Series B in January 2017. The most recent completed round was a $50M Series D in April 2022.

DigiLens funding rounds

DigiLens funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2022Series DSamsung; Alsop Louie Partners; 37 Interactive Entertainment; Dolby Family Ventures; Teak Capital; Diamond Edge Ventures; Corning; UDC Ventures$50M$530M-
May 2019Series CUDC Ventures (lead); Samsung Ventures; Niantic; Continental; Sony Innovation Fund; Diamond Edge Ventures$50M-DigiLens Inc., a Sunnyvale-based innovator in holographic waveguide technology for augmented reality devices, closed an oversubscribed $50 million Series C preferred equity investment round on May 14, 2019. New strategic investors UDC Ventures (the corporate venture arm of Universal Display Corporation) and Samsung Venture Investment Corp led the round, alongside continued participation from Niantic Inc., Continental AG, Sony Innovation Fund, Diamond Edge Ventures, and Mitsubishi Chemical Holdings Corporation's strategic investment arm. The company's Series C funding enabled DigiLens to broaden development and innovation in high-quality holographic waveguide displays targeting global automobile, enterprise, consumer, avionics, and military brands. DigiLens' technology platform featured a proprietary photopolymer, design software, and innovative manufacturing process that positioned the company as the frontrunner in waveguide technology capable of reaching consumer price points. The Series C round represented a continuation of investor confidence in the company's core optical technology for next-generation augmented and extended reality hardware, with sources noting the technology's potential application across diverse display markets and form factors.
May 2018Series CContinental (lead)$25M$139MDigiLens, a Silicon Valley-based developer of holographic waveguide optics technology for ultra-thin displays in augmented reality headsets, automotive head-up displays (HUDs), aviation, and motorcycle helmets, received a $25 million Series C investment from strategic partner Continental on May 17, 2018. This funding boosted Continental's ownership to 18% from its prior investment in the company's $22 million Series B round in January 2017, which was led by Alsop Louie Partners and included Sony, Panasonic, Foxconn, Dolby Family Ventures, Nautilus Venture Partners, and Bold Capital. The investment supports joint development of waveguide HUDs that reduce component volume to one-sixth of traditional sizes while doubling the field of view for AR applications, positioning the technology for automotive industrialization. Prior to this round, DigiLens had raised $8.3 million in 2014 from Alsop Louie, Dolby Family Ventures, Trinity Capital Investment, and Costella Kirsch, bringing its total funding to $60 million as reported by VentureBeat. Continental's Head of HUD Product Development, Thorsten-Alexander Kern, who joined DigiLens' board, highlighted the technology's potential to revolutionize HUDs by enabling compact AR displays for broad market adoption. DigiLens CEO Chris Pickett noted strong customer demonstration results driving accelerated development. Later rounds, such as Series D in 2021-2022 raising over $50 million led by Samsung Electronics with participants including Corning, Mitsubishi Chemical's Diamond Edge Ventures, and others, valued DigiLens at over $500-530 million.
Jan 2017Series BFoxconn; Bold Capital Partners; Alsop Louie Partners; Nautilus Venture Partners; Dolby Family Ventures; Continental; Sony Innovation Fund; Panasonic$22M-DigiLens, a Sunnyvale, California-based developer of diffractive waveguide optics for augmented reality (AR) and head-up displays (HUDs), closed a $22 million Series B funding round on January 19, 2017. The oversubscribed round included strategic investments from Sony, Foxconn, Continental, and Panasonic, alongside venture investors Alsop Louie Partners, Bold Capital Partners, Nautilus Venture Partners, and Dolby Family Ventures. This followed prior raises of $2 million in May 2014 for a clean room and pilot line, and $6.3 million including from In-Q-Tel. The funding aims to accelerate commercialization of DigiLens' holographic optical waveguide technology, targeting AR displays and sensors for enterprise, consumer, transportation, gaming, navigation, telepresence, education, industrial, medical, and military applications. Key products include AeroHUD (in flight with Rockwell Collins), AutoHUD for Continental, MotoHUD demoed with BMW Motorrad, EyeHUD smart glasses, and EYEScan. The technology uses nano self-assembly for cost-effective manufacturing of thin, transparent, full-color, wide-field-of-view optics, addressing challenges like those in Microsoft HoloLens etching. Investors highlighted the potential to break manufacturing price barriers and enable 'data on glass' for next-gen smart glasses, helmets, automotive HUDs, and aviation. Strategic partnerships extend beyond investments via contracts and licenses, positioning DigiLens for high-volume production and market expansion in a projected $108 billion diffractive optics and nanomaterials market by 2021.

Who has invested in DigiLens?

16 investors have backed DigiLens across its funding rounds, including Continental, Sony Innovation Fund, Dolby Family Ventures, Alsop Louie Partners, Diamond Edge Ventures and UDC Ventures.

Lead investors include UDC Ventures and Continental.


DigiLens Investors

Investors in DigiLens by funding rounds participated
InvestorHQRoundsRoleFirst check
ContinentalGermanyHanover3LeadJan 2017
Alsop Louie PartnersUnited StatesSan Francisco, CA2ParticipantJan 2017
Dolby Family VenturesUnited StatesSan Francisco, CA2ParticipantJan 2017
Sony Innovation FundJapanTokyo2ParticipantJan 2017
Diamond Edge VenturesUnited StatesSan Francisco, CA2ParticipantMay 2019
UDC VenturesUnited StatesNew York City, NY2LeadMay 2019
SamsungSouth KoreaSeoul1ParticipantApr 2022
FoxconnTaiwanTaipei1ParticipantJan 2017
Bold Capital PartnersUnited StatesLos Angeles, CA1ParticipantJan 2017
37 Interactive EntertainmentChinaShanghai1ParticipantApr 2022
Samsung VenturesSouth KoreaSouth Korea1ParticipantMay 2019
Nautilus Venture PartnersUnited StatesSan Francisco, CA1ParticipantJan 2017
NianticUnited StatesSan Francisco, CA1ParticipantMay 2019

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DigiLens Competitors

DigiLens competitors include listed companies like HTC and Vuzix, and private ones like WayRay, Pimax VR, DeePoon and Xreal.

Public and private companies comparable to DigiLens
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WayRaySwitzerlandZurichPrivate--$500M-
Pimax VRChinaShanghaiPrivate--$380M-
DeePoonChinaShanghaiPrivate--$830M-
XrealChinaBeijingPrivate--$1B-
HTCTaiwanTaiwanPublicly listed$91M$22M$1B6.9x
VuzixUnited StatesUnited StatesPublicly listed$6M($29M)$232M33.9x

DigiLens Public Comps

DigiLens is still privately-owned, but its public comps include Shenzhen Aoto Electronics, Guangdong Qunxing Toys, Esprinet, Hailun Piano, AB S.A, Merry Electronics Co., Riso Kagaku, Roland, Digiworld and Cover.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Shenzhen Aoto Electronics$113M$3M4.3x-144.4x-
Guangdong Qunxing Toys$70M$4M6.4x-123.2x-
Esprinet$4.9B$81M0.2x0.2x10.5x9.5x
Hailun Piano$18M($11M)26.9x-(44.8x)-
AB S.A$3.9B$75M0.2x0.2x10.0x7.5x
Merry Electronics Co.$1.5B$87M0.4x0.4x6.7x7.4x
Riso Kagaku$508M$64M0.8x0.8x6.1x-
Roland$649M$54M1.0x1.0x12.2x7.1x

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Common questions about DigiLens

When was DigiLens founded?DigiLens was founded in 2003.
Where is DigiLens headquartered?DigiLens is headquartered in San Francisco, CA, United States.
Is DigiLens publicly listed?No, DigiLens is a private, VC-backed company.
What is DigiLens' valuation?DigiLens was last valued at $530M in its Series D in April 2022.
How much funding has DigiLens raised?DigiLens has raised $147M across 4 funding rounds.
What was DigiLens' last funding round?DigiLens' last funding round was a $50M Series D in April 2022.
Who are DigiLens' investors?DigiLens' investors include Continental, Alsop Louie Partners, Dolby Family Ventures, Sony Innovation Fund, Diamond Edge Ventures, UDC Ventures, Samsung, Foxconn, Bold Capital Partners, 37 Interactive Entertainment and 6 others.
Which companies are comparable to DigiLens?Companies comparable to DigiLens include WayRay, Pimax VR, DeePoon, Xreal, HTC and Vuzix.

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