Leuven, Belgium-based Swave Photonics, the holographic display company, announced the close of its €27 million Series A funding round.

“This significant investment in Swave will catalyze the advancement of its Holographic eXtended Reality (HXR) platform, enabling a reality-first user experience for AI-powered augmented reality (AR) smartglasses and heads-up displays,” said Swave.

The funding round was co-led by investors 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 previously raised a €10 million Seed round in 2023, which propelled the launch of Swave’s HXR technology, as well as the expansion of Swave’s team.

“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.

“We are thrilled with continued support from our existing investors and our new investors. They recognize that Swave uniquely brings together semiconductor, holographic and AI technologies in a way that will deliver cost-effective and truly useful solutions.”

Theo Marescaux, Swave co-founder and Chief Product Officer, said: “AR glasses are set to become the primary interface for AI-powered spatial computing and other applications, and Swave is uniquely positioned to enable this future.

“We are co-designing every element — from our holographic SLMs with cutting-edge nano-pixels, to real-time compute chips, light engines, and AR combiners — delivering the most advanced and integrated solution yet.”

Swave’s HXR technology uses the world’s smallest pixel to shape light and sculpt high-quality 3D holographic images that create a reality-first user experience, where digital information interacts and adapts to the user’s surroundings. The images allow for the human vision system to process them naturally leveraging patented DynamicDepth technology.