WayRay Valuation, Funding & Investors

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.

DeePoon is a developer of VR head-mounted devices and content supporting PC and mobile platforms. Products include Virglass and E series helmets with AMOLED displays. The Shenzhen-based company operates 3Dbobo distribution platform.

Mojo Vision is a developer of micro-LED display technology for consumer, enterprise, and government uses. Saratoga-headquartered since 2015, it produces the world's smallest and densest dynamic displays using proprietary quantum-dot technology for full-color capabilities. The company applies this to augmented reality smart contact lenses and aims to disrupt the display industry with 300mm manufacturing processes. Mojo Vision targets AR wearables, heads-up displays, and high-resolution screens.

Xreal is a Beijing-headquartered developer of lightweight augmented reality glasses enabling spatial computing for consumers and enterprises. Founded in 2017, its Air and Beam series products feature micro-OLED displays with 1080p per eye resolution and low-latency tracking via dual 3D sensors. Xreal ships millions of units globally and integrates with Android, macOS, and Windows ecosystems for productivity, gaming, and entertainment applications.

HTC Corporation is a Taiwanese consumer electronics company. The company is engaged in designing, manufacturing, assembling, processing, and selling smart mobile and virtual reality devices and after-sales services. Its products include smartphones, tablets, cameras, wearable fitness devices, Blockchain phones, Vive, and virtual reality headsets. The company’s operations are mainly in the research, design, manufacture and sale of virtual reality devices and smart mobile devices, which accounts for majority of the total revenue.

Vuzix Corp is engaged in the design, manufacture, and marketing of Artificial Intelligence (AI)-powered Smart Glasses, Waveguides, and Augmented Reality (AR) technologies. Its solutions serve the enterprise, medical, defense, security, and select consumer markets, offering cutting-edge wearable computing and display technologies that enhance productivity and operational efficiency. Its products include near-eye displays (NEDs), heads-up displays (HUDs), and wearable computing devices. Geographically, the company generates a majority of its revenue from the United States and also has a presence in Japan, the Netherlands, and other countries.

Sun Corp is a Japanese company engaged in the business of providing mobile data solutions, gaming content, Online to Online solutions, and Enterprise AR solution. The products of the company include IoT, Global Data Intelligence Division, Game Machine Parts, Game Content, and others.

Envisics is a holographic display technology provider for automotive applications, headquartered in the UK with operations in Detroit. The company develops laser-based holographic head-up displays offering high-brightness images visible in daylight for safer vehicle interfaces. Envisics partners with automakers like Continental and Valeo to integrate its HUD systems into production models from BMW and Jaguar Land Rover. The technology projects navigation, speed, and augmented reality overlays spanning full windshields in luxury sedans.

Shenzhen Aoto Electronics Co Ltd is mainly engaged in LED display system and electronic receipt system development, design, production, sale and related professional services in China. Its LED products are mainly used in sports, media advertising, entertainment leasing, transportation, television stations, command centers and smart city landscape lighting.

XGIMI is a Chengdu-based manufacturer of multifunctional projectors featuring high-definition displays, Android operating systems, and 3D viewing capabilities. Established in 2012, the company produces portable and smart projection devices aimed at delivering affordable large-screen experiences worldwide. Its product lineup includes models with built-in smart features for home entertainment and professional use.

Guangdong Qunxing Toys JSC Ltd is a China-based company engaged in developing, designing, producing and selling electrical toys. The company's main products include baby car series, children computer, baby toys, electric car series, mobile phone series, and others.

Esprinet SpA is engaged in the wholesale distribution of IT and consumer electronics in Italy and Spain. Its is especially focused on delivering technology to resellers mainly addressing the small-to-midsize businesses (SMB). The company structures its business into three sectors: business-to-business (B2B) distribution of information technology (IT) and consumer electronics; business-to-consumer (B2C) distribution of IT and consumer electronics, and business-to-business (B2B) distribution of microelectronic components. The company generates key revenue from Italian operations.

Perfumeo is a smart home diffuser company integrating AI and data science for mood-adaptive fragrance diffusion. Headquartered in France, the device holds patents in 157 countries for its green mechatronics and chemistry tech. Backed by Sapphire Ventures, Perfumeo completed focus groups on its V3 prototype in 2023 and joined Google for Startups accelerator. The product connects via app for personalized scent blending from essential oil cartridges.

Hailun Piano Co Ltd is engaged in manufacturing of piano parts. The products of the company include grand piano and upright pianos.

Riso Kagaku Corp is a Japan-based manufacturer of printer-duplicators, printers, and printing products. The firm developed oil-based pigment ink, Orphis Ink, which is used by the firm's printers. The ink has a stable composition and high water resistance, making it suitable for high-speed printing. Riso has three manufacturing facilities in Japan and a worldwide distribution network. More than half of the firm's revenue is generated in Japan, with the rest coming from countries in the Americas, Europe, and Asia.

AB Spolka Akcyjna is a Poland-based company that operates as a distributor of IT and consumer electronics. The company distributes consumer electronics and equipment connected with mobile telephony, expands its portfolio of products. The group also trades in household appliances, toys, telephone products, and digital terrestrial televisions; and provides cloud computing solutions and other services, and logistics services. In addition, it manufactures personal computers; and engages in retail trade activities. Geographically its business presence can be seen in the region of Poland, the Czech Republic, and Slovakia.