UAVC has put capital into newly launched UA spinout EARDG Photonics, which integrates technology licensed from another spinout, TIPD, by the same co-founders.
EARDG Photonics, a US-based augmented reality glasses manufacturer spun out of University of Arizona (UA), has attracted an undisclosed sum from UAVenture Capital, the third-party VC firm focused on UA spinouts.
UAVC generally invests approximately $2m in businesses founded by UA faculty, students, alumni and affiliates. The investment is UAVC’s first from its second fund, announced in January 2019 with a target size of $100m.
Founded in January 2019, EARDG Photonics is working on wearable glasses that act as a display for augmented reality applications, which overlay computer-generated visual objects on real-world digital camera footage.
The investment will go towards creating glasses that offer the user the ability to simultaneously select between a normal and augmented field-of-view display.
EARDG Photonics was founded by Nasser Peyghambarian, professor of optical sciences and chair of photonics and lasers at UA’s James C Wyant College of Optical Sciences. Lloyd…
