Holographic display prototype to become reality with major funding boost
Light Field Lab is set to develop its prototype holographic display technology into a commercial product after securing $28 million (approximately €25 million) Series A funding.
The funding was 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.
Inavate first covered Light Field Lab back in October 2018, reporting how its technologies allow holographic objects to float in space without 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 event and large-scale installations. In an article in the 2019 Jan-Feb edition of Inavate, we looked deeper into where the technology could be heading.
Ingo Ramesohl, managing director of Bosch Venture Capital, said: “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, a version of its holographic technologies will ultimately be developed for the consumer market.
Ankur Prakash, VP Liberty Global Ventures, said: “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 to accelerate holographic media distribution on next-generation networks.”
In addition to holographic displays, Light Field Lab’s technology includes the hardware and software platform required for content distribution.
Jon Karafin, CEO of Light Field Lab, said: “The industry response has been extremely enthusiastic as demonstrated by the strength of our investors.
“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.”