• WayRay raises $80M at a $500M valuation led by Porsche for its holographic AR display tech

    1 month ago - By Tech Crunch

    The large, legacy car industry has pinned a lot of hopes and dreams on innovative startups to build the next generation of automotive technology, and today the latest chapter in that story was revealed. WayRay , a Zurich-based developer of holographic augmented reality technology and hardware - used in head-up displays that project images into a driver's field of vision - has raised $80 million of funding, a Series C led by Porsche, with Hyundai Motor, previous investor Alibaba Group, China Merchants Capital, JVCKENWOOD, and several sovereign wealth funds also participating.
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