Luxexcel receives €4M equity investment to accelerate AR/VR eyewear program Money & Funding
After closing an 8.5M EUR (10M USD) investment for its core activities in the ophthalmic industry (including participation from SET Ventures, Munich Venture Partners, PMV and KLA-Tencor), Luxexcel has begun installing the first industrial-grade 3D printing platforms in the USA and Europe. An additional 4M EUR (4.7M USD) investment will be used for the rapid expansion of the Luxexcel platform-functionality through dedicated (co-)development programs and partnerships in the domain of Augmented & Virtual Reality also known as AR/VR. AR/VR Eyewear applications include smart glasses that provide the user with real-time information for professional and personal use, gaming applications including control consoles for drones (fpv), sensors and cameras integrated into eyewear.