TEL AVIV Dec 19 Lumus, a developer of
technology for augmented reality, said on Monday it has
completed a $45 million funding round with an additional $30
million from investors including Taiwan's Quanta Computer
and consumer electronics firm HTC.
Lumus said it will use the new financing to expand
development and marketing of its transparent, wearable display
technology for the augmented reality and smart eyewear industry.
In June Israel-based Lumus said it received $15 million of
funding led by Chinese investment group Shanda along with
Zhejiang Crystal-Optech Co, a Chinese photo-electric
The augmented reality market is predicted to grow to $90
billion by 2020, according to technology consultancy firm
Consumer electronics and smart-eyewear manufacturers use
Lumus for the optical technology in their see-through wearable
displays. Lumus' technology consists of an eyeglass lens that
contains an array of ultra-thin transparent reflectors and a
mini-projector that injects an image into the lens.
(Reporting by Tova Cohen)