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Volvo has invested $ 2 million in optics and imaging startup Spectralics

Venture division Volvo Automakers, synonymous with safety, have invested in optical and imaging startups that develop technologies that can be integrated into the windshield and windows of a car to deliver images to drivers and passengers.

Volvo Cars Tech Fund has invested $ 2 million in optics and imaging developers SpectrumThe funds used by the company to accelerate the development of optical films, which the company states can make cars safer and provide a better user experience. Investing may seem insignificant, but the relationship with Volvo can be fruitful, especially if the technology ends up in production vehicles.

Spectralics is developing see-through optical overlays, also known as “multilayer thin combiners” that can be integrated into car windshields and windows. According to Spectralics, this creates a wider field of view and, decisively, a sense of distance. Both are required for secure augmented reality overlays.

Outside the car, even technicians Use smartly Eyeglasses, optical systems and other heads-up displays. This is the latest sign that augmented reality and virtual reality are moving beyond games and consumer goods to vehicles. This is arguably part of a wide range of automotive OEM shifts. New car By providing user experience and technology, not horsepower.

While the adoption of AR / VR in automobiles faces many bottlenecks, automakers are leading the investment in companies developing this technology for in-room applications.that’s why TechCrunch + Abigail Basset notes.

If Volvo’s investment in Spectralics wasn’t a sufficient signal, a spokeswoman confirmed: TechCrunch Swedish car giants are trying to adopt this technology in their cars. “We believe Spectralics is the right portfolio for us and we believe that Spectralics technology has the potential to set the standard for next-generation displays and cameras,” said Lee Ma, head of the Volvo Cars Tech Fund, in a statement. increase.

Spectralics is the alum of Mobility Xlab, an accelerator in Gothenburg, Sweden, and is also part of Tel Aviv’s mobility hub, Drive-TLV, which connects startups with investors in the automotive industry. Volvo’s investment arm has been participating in both initiatives since 2017 and has recently invested in other Israeli start-ups such as MDGo, which develops accident detection sensors, and UVEye, a vehicle inspection technology developer.

With the new funding, Israel-based startups now total $ 5 million.

Volvo has invested $ 2 million in optics and imaging startup Spectralics

Source link Volvo has invested $ 2 million in optics and imaging startup Spectralics

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