VividQ holographic displays take Japan by storm
Major Japanese VC funds have backed a heavily oversubscribed post-seed funding round for Cambridge-based holographic display business VividQ, Business Weekly can reveal.
The size of the raise will be unveiled within a few weeks but the company has already confirmed that it is looking to appoint a head of APAC region – based in Japan – to leverage a huge upsurge in demand for its technology throughout Asia.
The demand from Asia follows massive interest in the technology throughout the United States, the company tells us.
VividQ’s whitepaper on the applications of computer-generated holography in Augmented Reality wearables (including enterprise headsets and consumer-grade smartglasses) has been downloaded over 550 times since its launch in February.
And the company has already achieved significant international success despite the pandemic, working on holographic display projects in the automotive and consumer electronics sectors in Japan and China.
VividQ’s headcount has grown to 36 to meet the growing demand for its technology but the appointment of a general manager for Japan and APAC marks the first hire outside of the UK.
The new hire to the company's commercial team will be based in Tokyo and will build on VividQ’s existing relationships with blue chip companies while accelerating the adoption of holographic technology with Asian technology OEMs and ODMs.
The Japan move is supported by VividQ’s current investors in the region – the University of Tokyo Edge Capital Partners.