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§ Private Profile · Metsänneidonkuja 10, Espoo, Uusimaa, 02130, Finland
Develops and delivers see-through waveguide combiners and transparent displays for AR/XR device manufacturers, enabling thin AR glasses.
Based in Espoo, Finland, Dispelix develops see-through waveguide combiners that function as transparent displays for augmented and extended reality devices. The venture-backed technology company creates proprietary waveguide design software and licenses its display technology to hardware manufacturers for both consumer and enterprise wearables. Operating with a workforce of over 150 employees across multiple international offices, the organization holds more than 150 granted patents and has raised over €50 million in total venture capital funding, including a $33 million Series B round in 2021. Dispelix collaborates on reference designs and strategic partnerships with major industry manufacturers such as Foxconn, Pegatron, and RTX's Collins Aerospace, and recently signed a definitive acquisition agreement with AAC Technologies expected to close in 2026. The company was founded in 2015 as a research spin-off by Antti Sunnari, Juuso Olkkonen, and Jyrki Saarinen.
Dispelix has raised $39.1M across 2 funding rounds.
Dispelix has raised $39.1M in total across 2 funding rounds.
Dispelix is a Finnish technology company specializing in transparent waveguides for augmented reality (AR) and extended reality (XR) devices, enabling see-through displays that fuse virtual and real worlds in users' fields of vision.[1][2][3][5] It serves leading enterprise and consumer tech companies, addressing challenges like bulky designs, discomfort, and high costs in AR eyewear by providing lightweight, mass-producible waveguides that mimic ordinary glasses.[3][4][5] As a fabless supplier, Dispelix designs custom solutions using proprietary software and partners with global manufacturers like Foxconn, Pegatron, and Collins Aerospace, with strong growth momentum shown by over 200 patents by April 2024 and expanding into defense markets.[1][4]
Dispelix was founded in 2015 as a spin-off from VTT Technical Research Centre of Finland by three research scientists: CEO Antti Sunnari, Chief Scientific Officer Juuso Olkkonen, and Board Member Jyrki Saarinen.[1][4] The idea emerged from their expertise in nanophotonics at VTT, a state-owned research center, focusing on advanced AR display tech to overcome limitations in existing solutions.[1][4] Early traction came from developing in-house waveguide design software that's up to 20,000 times faster than traditional methods, enabling quick optimization for optical performance and manufacturability; this led to international operations from the start, with headquarters in Espoo, Finland, and subsidiaries in the US and China.[1][3][4][5] Pivotal moments include Tesi's 2018 investment to fuel deep tech growth and recent supply deals with major firms.[4]
Dispelix rides the AR/XR wave, projected to revolutionize work, consumer behavior, and defense by overlaying digital info seamlessly—key as consumer AR eyewear markets open broadly around 2027.[1][4][5] Timing aligns with demand for compact, affordable devices amid limitations of current bulky headsets, fueled by tech giants' pushes for mainstream adoption.[1][4] Market forces like nanophotonics advances and global manufacturing scale favor Dispelix's software-driven, partner-reliant model, positioning it against competitors like Lumus and Kura Technologies through superior simulation speed and patent depth.[2][4] It influences the ecosystem by enabling trailblazers to redefine AR form factors, speeding production of reference designs and supply agreements that drive industry-wide scalability.[1][3]
Dispelix is primed for explosive growth as AR eyewear hits consumer prime time in 2027, leveraging its patent fortress, software edge, and defense deals like Collins Aerospace to secure high-volume contracts.[1][4] Trends like AI-enhanced AR apps and lightweight enterprise wearables will amplify demand, potentially evolving Dispelix into a linchpin supplier for next-gen devices from global giants.[2][5] Its influence may expand through more IP licensing and manufacturing partnerships, solidifying leadership in waveguides that make AR as intuitive as everyday glasses—bringing the "unseen fusion" of virtual and real closer to ubiquity.[1][5]
Dispelix has raised $39.1M across 2 funding rounds. Most recently, it raised $33.0M Series B in November 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2021 | $33M Series B | Atlantic Bridge, CCB Trust, Flashpoint | 3M Ventures, Lifeline Ventures, Tesi, VTT Ventures | Announced |
| Apr 29, 2021 | $6.1M Venture Round | Donatella Callegaris | — | Announced |
Dispelix has raised $39.1M in total across 2 funding rounds.
Dispelix's investors include Atlantic Bridge, CCB Trust, Flashpoint, 3M Ventures, Lifeline Ventures, Tesi, VTT Ventures, Donatella Callegaris.