A California-based company working on holographic displays for large entertainment venues that do not require a headset to experience has closed a funding round worth $28 million.
Bosch Venture Capital and Taiwania Capital led the funding round for Light Field Lab, with Samsung, Verizon, Comcast, Liberty Global Ventures, NTT Docomo Ventures, Hella Ventures, Khosla Ventures, Alumni Ventures Group, R7 Partners and Acme Capital also participating.
The $28 million round follows Light Field Lab securing $7 million in January last year.
Light Field Lab will use the funds to take its product—small building blocks that form large holographic displays—beyond the prototype stage.
The company plans to build modular video walls for live events and large-scale installations, suggesting potential deployment in the entertainment and business conference markets.
Ingo Ramesohl, managing director of co-lead investor Bosch Venture Capital, explained: “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.”
Light Field Lab hopes to use its new investor partnerships to bring its technology to the consumer market.
Commenting on the Light Field Lab’s plans for its holographic displays, Ankur Prakash, vice president of 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 and accelerate holographic media distribution on next-generation networks.”
Jon Karafin, chief executive officer of Light Field Lab, commented: “The industry response has been extremely enthusiastic as evidenced 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.”
Image caption: Light Field Lab co-founders Ed Ibe, vice president of engineering; Brendan Bevensee, chief technology officer; and Jon Karafin, chief executive officer
Image credit: Light Field Lab