DEEP OPTICS RAISES US$4 MILLION
IN FUNDING TO REVOLUTIONIZE
THE MULTIFOCAL GLASSES MARKET
Petach Tikva, Israel, February 29th, 2016 - Deep Optics, a
pioneer of dynamic focal glasses, has raised US$4 Million in
a Series A funding round to fuel the development of its electronic lens and glasses system. The round includes strategic
investor Essilor, the world leader in ophthalmic optics,
Taiwan-based Atomics 14 Ventures and several private
investors, including Saar Wilf, Deep Optics's Chairman and
first investor.
Deep Optics brings a technological breakthrough to the
multi-billion dollar multifocal market, aiming to provide
alternative progressive glasses and new ophthalmic applications with electronic dynamic focal technologies based
on its proprietary and patent-pending liquid crystal lenses.
The Company was named the most promising start-up at
the sixth annual Israel Machine Vision Conference and
Exhibition (IMVC) in 2015.
"The human eye has a natural focusing ability that
degrades with age. Current multifocal glasses compensate for this degradation, but they cannot offer adaptable
correction power management. The dynamic solution
we're developing is actually similar to the human
focusing mechanism, and so in addition to its superior
lens function, should be even easier to get used to with
minimal, if any, adjustment required," explained Yariv
Haddad, co-founder and CEO of Deep Optics.
Deep Optics is also exploring additional applications
for its adaptive electronic lens technology. Two notable
applications are AR (Augmented Reality) and VR
(Virtual Reality) systems, which are likely to benefit
from the addition of adaptive optics to future models.
According to Haddad, Deep Optics has already started
discussions with companies in this field.
Phil Chen, founder of Atomic 14 Ventures and ex Chief
Content Officer at HTC Vive, HTCs acclaimed VR system,
commented, "While first generation VR and AR
systems are entering the consumer stage, and already
attracting interest and expectation at a feverish pitch,
it's clear that we are just at the beginning of this promising journey. There are still many challenges on the
road to an immersive 3D virtual reality experience, or
convincing mixed reality scenes. Deep Optics, with its
unique adaptive optics capabilities, can significantly
improve the depth perception and overall authenticity
of the 3D experience by dynamically matching the optics focus to the content's simulated depth. In my view,
this is a crucial breakthrough in the technological
roadmap of this field, and I believe Deep Optics plays
a key component in both the VR/AR software and
hardware stack."