Real Writers. Real Opinions. No Boundaries.

OLED Microdisplay Manufacturer eMagin Just Got $10 Million in Funding From Big Companies to Work on AR/VR Tech

eMagin is a small, New York-based company which centers around the manufacturing of OLED screens. While most of their work has been the creation of microdisplays used in the fields of medicine and industry (as well as the military), they’ve recently made a decision to venture into the realm of augmented and virtual reality consumer headsets. This, in turn, has drawn the attention of some of the biggest tech giants on the planet and is already paying off in a big way.

As per documents filed with the US Securities and Exchange Commission, Apple, Valve, and LG have come together to invest $10 million in eMagin with the hopes of upping their pursuit of AR and VR technology. In the filing, eMagin said,

We entered into strategic agreements with multiple Tier One consumer product companies for the design and development of microdisplays for consumer head mounted devices and, together with these companies, negotiated with mass production manufacturers for higher volume production capabilities.

This is a huge step forward in the world of augmented/virtual reality, as eMagin has garnered quite the reputation for its high-resolution 2K displays and will almost certainly be using that technology to make some of the coolest AR and VR stuff around. Now that it’s got all this funding from such huge companies, the sky is pretty much the limit.

[via CNET]

You might also like