Swave Photonics, a company specializing in true holographic display technology, has closed a €27 million ($28.27 million) Series A funding round. This investment aims to accelerate the development of Swave’s Holographic eXtended Reality (HXR) platform, which is designed to enhance user experiences in AI-powered augmented reality (AR) smart glasses and heads-up displays.
The funding round was co-led by imec.xpand and SFPIM Relaunch, with participation from new investors EIC Fund, IAG Capital Partners, and Murata Electronics North America, Inc., as well as existing investors Qbic Fund, PMV, imec, and Luminate. Swave plans to utilize this capital to introduce product development kits and move towards production devices, leveraging its HXR technology that employs sub-300nm pixel pitch to create high-resolution 3D holographic images.
Founded in 2022 as a spin-out from imec, Swave Photonics is headquartered in Leuven, Belgium, and Silicon Valley, California. The company focuses on developing chipsets that deliver reality-first spatial computing powered by AI. Swave’s HXR technology has been recognized with a CES 2025 Innovation Award in the XR Technologies and Accessories category.
• Funding Amount: €27 million ($28.27 million) Series A.
• Lead Investors: imec.xpand and SFPIM Relaunch.
• Technology Focus: Holographic eXtended Reality (HXR) platform for AR devices.
• Headquarters: Leuven, Belgium, and Silicon Valley, California.
• Founded: 2022, as a spin-out from imec.
“This round will accelerate Swave’s product introductions as we continue to solve the challenges of today’s AR experiences through true holography,” said Mike Noonen, Swave CEO.
