Home / Consumer / Luxexcel Receives €4M Equity Investment to Accelerate AR/VR Eyewear Program

Luxexcel Receives €4M Equity Investment to Accelerate AR/VR Eyewear Program

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 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.

 “AR/VR applications have become a hot topic in the industry.  We add the ability to 3D-print ophthalmic-quality prescription lenses to these applications. This enables the AR/VR headset manufacturers to offer fully personalized smart eyewear in an attractive frame design. The ability of our platform to 3D-print ophthalmic lenses in any shape or form and the possibility to embed new functionalities in the lens triggers entirely new dimensions in terms of user-experience and business opportunity,” said Hans Streng, Chief Executive Officer of Luxexcel.

Luxexcel Vision Platform: opportunities for all stakeholders

The Luxexcel Vision platform offers opportunities for both ophthalmic labs and AR/VR headset manufacturers. Ophthalmic labs use the Luxexcel Vision Platform to 3D print custom AR/VR lenses. The Luxexcel Vision Platform is fully integrated into today’s ophthalmic lab flow. This opens up a new industry lens segment for ophthalmic labs.

“We believe that with the technology of Luxexcel it will be possible to combine AR/VR applications with RX eye correction, which is an essential component in bringing smart eyewear to the mainstream market. We are excited about leveraging the high-tech network in the Netherlands to enable this unique breakthrough,” said Nard Sintenie, Founding Partner at Innovation Industries BV.

AR/VR headset manufacturers have the opportunity to commercialize AR/VR headsets with personalized prescription lenses included. By making use of the Luxexcel Vision Platform lens customization becomes accessible to AR/VR headset manufacturers.

The Luxexcel platform consists of industrial grade optical 3D-printer, lens-design software, ophthalmic quality print materials and workflow integration tools which enables customers to manufacture 3D printed ophthalmic quality lenses that meet all industry standards.

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