Envisics Raises Over $50M in Series C Funding; Reaches $500M Post-Money Valuation
- Envisics, a Milton Keynes, UK-based holographic head-up display technology company, raised over $50M in Series C funding at a $500M post-money valuation
- The round was led by Hyundai Mobis with participation from InMotion Ventures, the investment arm of Jaguar Land Rover, and Stellantis
- The company intends to use the funds to accelerate the pace of product development and delivery
- The company is a company developing holographic technologies for augmented reality head-up displays (AR-HUDs) and automotive sensor systems
- General Motors will be the first company to deploy the Env isics 2nd Generation AR-HUD technology, debuting in the 2024 Cadillac LYRIQ
- Following the Series C financing round, the ownership structure includes strategic investors Tarsadia Investments, GM Ventures
