In August 13, 2019 – Light Field Lab, Inc., developer of holographic display technologies, announced yesterday the close of a USD $28 million Series A funding round led by Bosch Venture Capital and Taiwania Capital with strategic investment from Samsung Ventures, Verizon Ventures, Comcast, Liberty Global Ventures, NTT Docomo Ventures, Inc. and HELLA Ventures, with financial investors Khosla Ventures, Alumni Ventures Group, R7 Partners, and Acme Capital.
Light Field Lab will use the funds to scale its display technology from prototype to product, enabling holographic objects to float in space without the need for head-mounted accessories. The company aims to bring real-world holographic experiences to life with up to hundreds of gigapixels of resolution, including modular video walls for live events and large-scale installations. Ingo Ramesohl, Managing Director of co-lead investor Bosch Venture Capital commented, “Light Field Lab’s holographic display technologies enable entirely new business opportunities across consumer and enterprise markets. Light Field Lab has the leadership and technical expertise to bring this vision of the holographic future to life.”
Although Light Field Lab will initially target large format location-based entertainment venues, the company has stated that a version of its holographic technologies will ultimately be developed for the consumer market. Light Field Lab also noted that through partnerships, it hopes to pave the path forward towards widespread industry adoption and market expansion with strategic investors willing to participate in the holographic ecosystem.
“Light Field Lab’s holographic displays are the most exciting new technology we have seen in the entertainment space to date. We are thrilled to meaningfully participate in their Series A and are well positioned to help them align with the industry’s top content creators and accelerate holographic media distribution on next-generation networks,” said Ankur Prakash, VP Liberty Global Ventures.
In addition to holographic displays, Light Field Lab’s technology includes the hardware and software platform required for content distribution. According to Kristina Serafim, Investment Director, Verizon Ventures, “Verizon’s new 5G network features the higher bandwidth, low latency, and speed/throughput to deliver next generation content. We’re excited about our new Verizon Ventures investment in Light Field Lab as they bring such innovation to delivering content via next-gen networks through their displays.”
Commenting on the announcement, Jon Karafin, CEO at Light Field Lab, said: “The industry response has been extremely enthusiastic as evidenced by the strength of our investors.” He added, “We look forward to working with our syndicate of manufacturing, content creation and distribution partners to uncover opportunities and alliances across a range of vertical markets as we take our technology to the next phase.”
Image credit: Light Field Lab
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Sam is the Founder and Managing Editor of Auganix. With a background in research and report writing, he has been covering XR industry news for the past seven years.