DeepTech company Envisics has announced the close of an £80 million fundraise.
The Milton Keynes-based company produces holographic technology which enables the development of Augmented Reality HeadUp Displays (AR HUD), a form of display technology increasingly used by automakers.
The Series C funding round was joined by new investor M&G Investments and saw further participation from long-term investors Hyundai Mobis, GM Ventures, Tarsadia Investments and Van Tuyl Companies.
Envisics’ chief executive and founder Jamieson Christmas said the company has continued to make progress in developing and delivering dynamic holography as a viable product at scale to the “world’s leading automakers”.
“The vote of confidence from M&G Investments, together with our recently expanded group of investors, speaks to the significant growth potential for our technology as part of the transformation set to disrupt next generation mobility experiences,” he said.
Envisics concluded a previous £30 million funding round in March, which was led by Hyundai Mobis.
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