TLDR:
- TriLite has secured new funding, bringing its total Series A funding to over €20 million
- The funding round saw significant investments from strategic investors Continental and an undisclosed global electronics supplier
In a recent article, it was reported that TriLite, the developer of the world’s smallest projection display, has successfully completed an extended Series A funding round, raising its total Series A funding to more than €20 million. This funding round included significant investments from Continental’s Corporate Venture Capital Unit and an undisclosed global electronics supplier for TriLite’s Trixel® 3 projection display.
The involvement of these strategic investors is expected to further accelerate TriLite’s go-to-market success in both the augmented reality (AR) and automotive markets. Continental’s Managing Director of the Corporate Venture Capital Unit, Jürgen Bilo, expressed high value in TriLite’s innovative technology and potential applications in various automotive uses.
Existing financial investors APEX Ventures, B&C Innovation Investments, and TEC Ventures also participated in this round, showcasing their continued support and confidence in TriLite’s business strategy and technological advancements. TriLite’s CEO, Dr. Peter Weigand, noted that the latest funding will enable the company to focus on mass production and enhance its leading intellectual property (IP) position.
TriLite’s Trixel® 3 projector offers exceptional image performance and brightness in a compact display, allowing original design manufacturers (ODMs) and original equipment manufacturers (OEMs) to develop consumer AR smart glasses and automotive applications. With the support of new funding and strategic investors, TriLite aims to further advance its display solutions for mass market AR applications.
Overall, the increased funding and involvement of strategic investors position TriLite to scale its production resources and drive innovation in the AR and automotive sectors with its cutting-edge projection display technology.
