Lumus, Developer of Revolutionary Personal Displays, Secures Second Round Financing

January 31, 2005

Lumus Ltd. today announced closure of a Series B financing round. Motorola Ventures, the venture capital arm of Motorola Inc. led the investment, joined by Jerusalem Global Ventures.
Lumus Ltd. has developed a revolutionary light-guide optical element (LOE) that enables very compact, personal displays in various configurations. Based on an invention by Dr. Yaakov Amitai, co-founder and CTO of Lumus, the LOE facilitates mobile wearable, near-to-eye displays; hand-held screens suitable for a pocket PC or a mobile phone; as well as full performance head-up displays. The former two configurations address the growing need for high-quality, ultra-compact displays for mobile and portable applications. The latter provides for breakthrough solutions for automotive and aerospace applications.

"Lumus faces exciting challenges in the emerging fields of near-to-eye and other personal display configurations, with applications in several important markets," noted Dr. Rami Aharoni, co-founder and CEO of Lumus. "We believe that the company's unique technology and its strong patent portfolio provide a sound base for a range of breakthrough products."

Lumus’ management team comprises Zvi Lapidot, Chairman of the Board, Dr. Rami Aharoni, CEO, and Dr. Yaakov Amitai, CTO.

“We are excited about this strategic investment in Lumus. Its revolutionary optical technology has the ability to transform the way consumers view digital and rich media,” said Matthew I. Growney, managing director of Motorola Ventures. “We expect Lumus’ enabling technology will compliment many of our products, including our compact personal mobile displays, our public safety solutions and our automotive applications.”

"Large, high quality displays are a major issue for small mobile communications and entertainment devices" added Dr. Yoseph Linde, general partner at Jerusalem Global Ventures, who joins the Lumus Board of Directors: “Lumus has the enabling technology to provide the best solution to a host of application with a huge market potential. We are looking forward to a very successful venture. ”

Explore further: Intel reportedly eyes AR headset development

Related Stories

Intel reportedly eyes AR headset development

March 4, 2016

Intel may be set to explore an AR headset. Citing the source of the information as "people briefed on the company's plans," The Wall Street Journal had the story, saying "the chip giant is developing a wearable headset to ...

Recommended for you

'Droneboarding' takes off in Latvia

January 22, 2017

Skirted on all sides by snow-clad pine forests, Latvia's remote Lake Ninieris would be the perfect picture of winter tranquility—were it not for the huge drone buzzing like a swarm of angry bees as it zooms above the solid ...

Singapore 2G switchoff highlights digital divide

January 22, 2017

When Singapore pulls the plug on its 2G mobile phone network this year, thousands of people could be stuck without a signal—digital have-nots left behind by the relentless march of technology.

Freeze-dried food and 1 bathroom: 6 simulate Mars in dome

January 20, 2017

Crammed into a dome with one bathroom, six scientists will spend eight months munching on mostly freeze-dried foods—with a rare treat of Spam—and have only their small sleeping quarters to retreat to for solace.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.