MR Hardware Firm Avegant Completes $13.7 Million Financing

[Baidu VR original manuscript, reproduced please indicate the source]

The world of the future may only need one device to achieve an immersive experience of pan-entertainment, or when you bring a head-mounted display, you can enjoy an immersive 360-degree panoramic movie, listen to surround music, and even Interacting with the virtual characters in the game world, Avegant is engaged in the research and development of this technology.

Founded in 2012 in Michigan, USA, Avegant learned from Baidu VR that the company has just received a $13.7 million Series C round of financing. This time it was led by a contact and interaction in Hangzhou, China, with Intel and Applied Materials participating in the investment. As early as 2015, the company had already obtained 24 million US dollars in Series B financing. Up to now, Avegant has raised nearly 50 million U.S. dollars in financing.

In 2014, Avegant introduced Glyph, a head-mounted device based on light-field technology (also known as “augmented reality”). This device was developed by Dr. Alan Evans of the University of Michigan and relies on reflected light generation. The image, which mimics the way human eyes observe the world, can provide us with realistic virtual simulation objects.

Avegant Glyph Mixed Reality Headset

Unlike VR/AR technology, Avegant Glyph headsets can view existing media resources instead of floating in the virtual world of the display world, allowing users to experience movies and videos on the go. Not only that, Avegant Glyph uses DLP. Projection technology, which converts light into pixels through a bounce between 2 million micromirrors, is equivalent to a user viewing an 80-inch screen at a distance of 8 feet.

Avegant Glyph Technology Application

In addition, Avegant also introduced a dynamic headphone function module integrated in the Glyph head-mounted device. The device uses an HDMI connection for playback. It has a built-in passive headphone, and audio listening does not absolutely depend on the battery. It can enjoy 3 hours of continuous use at full power. In the viewing experience, in 2014, Avegant Glyph received $1.5 million in funding from Kickstarter, a crowdfunding website.

Glyph Headset Device Headphone Function

Ed Tang, founder and technical director of Avegant, stated: "In the future, MR technology will penetrate all areas, and VR will become a practical technology in many fields. Mixed reality is not an independently operated product. It is more inclusive, such as MR. The combination of AR, VR, and in the near future, we will face the consumer market with MR head-display products."

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