When was Avegant founded?

Avegant was founded in 2012 and raised its 1st funding round 1 year after it was founded.

Where is Avegant located?

Avegant is headquartered in Belmont, United States. It is registered at Belmont, California.

How many employees does Avegant have?

As of Sep 30, 2026, the latest employee count at Avegant is 39.

Is Avegant a funded company?

Avegant is a funded company, having raised a total of $81.7M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 08, 2013.

When was the latest funding round of Avegant?

Avegant's latest funding was a $***** Series C round on May 09, 2025, with participation from 0 investor. Its primary sector is Virtual Reality. In United States, the Virtual Reality sector has seen $175M in funding in 2026 to date.

Where does Avegant rank among its competitors?

Avegant ranks 9th amongst 357 active competitors, of which 83 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was RealWear, which secured $7.67M in Jul, 2026.

Who are the top competitors of Avegant?

Avegant's top competitors include Magic Leap, XREAL and Lucyd. Among them, RealWear secured the most recent funding round in July, 2026.

Avegant - 2026 Company Profile, Team, Funding & Competitors

Company Details

Avegant develops hardware and software-based light field technology solutions. The company has developed a new mixed reality platform which will enable companies to develop products using their technology. Features include refining concepts with visual models, transform 2D models and sketches into 3D assets, create blueprints and schematics for structures, systems etc, collaborate with other engineers and team members, etc. Additionally, the company also develops video headsets. Its product Glyph is a virtual retinal display device, which can also be used as a headphone, which projects light onto the eyes of the user instead of an LCD screen. Applications include healthcare and communication.

Website: avegant.com
Social
Email ID: *****@avegant.com
Registered Address: Belmont, California

Key Metrics

Founded Year

2012

Location

Belmont, United States

Stage

Series C

Total Funding

$81.7M in 7 rounds

Latest Funding Round

Series C, May 09, 2025, $*****

Investors

Intel & 14 more

Ranked

9^th among 357 active competitors

Employee Count

39 as on Sep 30, 2026

Similar Companies

Magic Leap & 120 more

View Avegant's full profile

Avegant is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
AVEGANT CORPORATION CIN: 461029906 , United States, Active	Dec 31, 1999	-	20 (As on Dec 31, 2014)	-

Avegant has raised a total funding of $81.7M over 7 rounds. Its first funding round was on Nov 08, 2013. Avegant has 15 institutional investors.

Here is the list of recent funding rounds of Avegant:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 09, 2025	2362858	Series C	2270481	8489142	1584650	5466673
Jul 06, 2020	1880562	Series B	2891719	4562932	2379417	8054242
Aug 28, 2018	8544427	Series B	2758706	9744089	Walden International	Applied Materials

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View details of Avegant's funding rounds and investors

The founders of Avegant is Yobie Benjamin.

Here are the details of Avegant's key team members:

Yobie Benjamin: Co-founder and COO of Avegant and founder of 1 other company.
Joerg Tewes: CEO of Avegant.

View details of Avegant's Founder profiles and Board Members

Avegant's employee count trend

Avegant has 39 employees as of Sep 26. Here is Avegant's employee count trend over the years:

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Top competitors of Avegant include Magic Leap, XREAL and Lucyd. Here is the list of Top 10 competitors of Avegant, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Magic Leap 2011, Plantation (United States), Acquired	Provider of a head-mounted virtual retinal display to view augmented reality	$3.48B	Public Investment Fund, Ntt DoCoMo & 43 others	70/100
2nd	XREAL 2017, Haidian (China), Series D	Provider of augmented reality smart glasses and immersive display technology	$433M	Kuaishou Technology, Sequoia Capital & 17 others	70/100
3rd	Lucyd 2017, Miami (United States), Public	Internet-first brand offering smart glasses and eyewear	$649K	Tekcapital, Ray Family	67/100
4th	Sesame 2023, San Francisco (United States), Series B	Developer of personal artificial intelligence agents and integrated audio eyewear	$250M	Sequoia Capital, Redpoint Ventures & 4 others	66/100
5th	RealWear 2016, Vancouver (United States), Series C	Manufacturer of AI-voice-powered smart glasses for frontline industrial workforces	$136M	Columbia Ventures Corporation, Teradyne & 13 others	66/100
6th	Vuzix 1997, Rochester (United States), Public	Provider of smart glasses for remote support and teleconferencing	-	Intel, Advantas Capital Ventures & 2 others	63/100
7th	Lumus 2000, Ness Ziona (Israel), Series C	Provider of optical displays for HMDs	$57M	Quanta Computer, Vaizra Investments & 8 others	63/100
8th	Dispelix 2015, Espoo (Finland), Acquired	Developer of waveguide displays for augmented reality devices and glasses	$54.6M	Lifeline Ventures, Voima Ventures & 8 others	62/100
9th	Avegant 2012, Belmont (United States), Series C	Develops hardware and software-based light field technology solutions	$81.7M	Intel, Applied Materials & 13 others	59/100
10th	Mentra Labs 2024, San Francisco (United States), Series A	Provider of an open-source smart glasses operating system and hardware, enabling users to build and deploy applications for wearable AI	$8M	Amazon, Toyota Ventures & 10 others	58/100