When was Innovega founded?

Innovega was founded in 2009 and raised its 1st funding round within a year of its incorporation.

Where is Innovega located?

Innovega is headquartered in Washington, United States. It is registered at Bellevue, Washington.

How many employees does Innovega have?

As of Oct 23, 2025, the latest employee count at Innovega is 11.

Is Innovega a funded company?

Innovega is a funded company, having raised a total of $3.36M across 13 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Nov 10, 2009.

How much is Innovega worth?

The latest valuation of Innovega is $***** as of Oct 23, 2025.

When was the latest funding round of Innovega?

Innovega's latest funding was a $***** Seed round on Oct 15, 2024, with participation from 0 investor. Its primary sector is Augmented Reality. In United States, the Augmented Reality sector has seen $33.8M in funding in 2026 to date.

Where does Innovega rank among its competitors?

Innovega ranks 3rd amongst 4 active competitors, of which 3 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Mojo Vision, which secured $17.5M in Mar, 2026.

Who are the top competitors of Innovega?

Innovega's top competitors include Mojo Vision, XPANCEO and Lens. Among them, Mojo Vision secured the most recent funding round in March, 2026.

Innovega - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of AR and VR integrated contact lens. It manufactures optical lens for experiences AR and VR content.

Website: innovega.io
Social
Registered Address: Bellevue, Washington

Key Metrics

Founded Year

2009

Location

Washington, United States

Stage

Seed

Total Funding

$3.36M in 13 rounds

Latest Funding Round

Seed, Oct 15, 2024, $*****

Post Money Valuation

$***** as on Oct 23, 2025

Investors

HHS & 2 more

Ranked

3^rd among 4 active competitors

Employee Count

11 as on Oct 23, 2025

Similar Companies

Mojo Vision & 3 more

View Innovega's full profile

Innovega is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Innovega, Inc. CIN: 800203668 , United States, Active	Oct 13, 2008	-	5 (As on Dec 31, 2023)	-

Innovega has raised a total funding of $3.36M over 13 rounds. Its first funding round was on Nov 10, 2009. Innovega has 3 institutional investors.

Here is the list of recent funding rounds of Innovega:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 15, 2024	7930420	Seed	1648395	3382131	8654487	3641751
Oct 17, 2023	6367019	Seed	6940215	4030312	7428227	5026819
Jun 26, 2020	8212280	Seed	3330719	4653986	4949299	1660648

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View details of Innovega's funding rounds and investors

The founders of Innovega are Stephen Willey and Jerry Legerton. Stephen Willey is the CEO of Innovega.

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

Stephen Willey: Co-Founder & CEO of Innovega and founder of 1 other company. They serve on the board of 1 company.
Jerry Legerton: Former Co-Founder of Innovega.
Contact Info: 1 email address

Innovega's Board of Directors

Innovega's board has 7 active members. Jeff Xiong, Stephen Willey, Phil Molyneux, Shane Kim, Randall Sprague, Jerome Legerton and Vijay Raghavan are independent board members.

Here is the list of Innovega's board of directors:

Name	Type	Representing	Status	Duration
Jeff Xiong	Independent board member	-	Current	13y 5m
oogxexk	Independent board member	-	Current	7y 7m
dzrxaom	Independent board member	-	Current	5y 6m
cd{ux{j	Independent board member	-	Current	2y 4m
oxlgrrg	Independent board member	-	Current	6y 9m
rofkjix	Independent board member	-	Current	5y 9m
oxfevxj	Independent board member	-	Current	1y 6m

View details of Innovega's Founder profiles and Board Members

Innovega's employee count trend

Innovega has 11 employees as of Oct 25. Here is Innovega's employee count trend over the years:

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Top competitors of Innovega include Mojo Vision, XPANCEO and Lens. Here is the list of Top 10 competitors of Innovega, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mojo Vision 2015, Saratoga (United States), Series B	Developer of AR-based display technology	$319M	New Enterprise Associates, StartX & 48 others	69/100
2nd	XPANCEO 2021, Dubai (United Arab Emirates), Series A	Developer of invisible and weightless smart contact lens for ultimate AI-powered XR interface	$290M	Opportunity Venture	50/100
3rd	Innovega 2009, Washington (United States), Seed	Developer of AR and VR integrated contact lens	$3.36M	HHS, National Science Foundation & 1 others	33/100
4th	Lens 2015, Palo Alto (United States), Deadpooled	Contact lenses for augmented reality display	-	-	24/100
5th	EPGLMed 1999, Irvine (United States), Late Stage	Contact lenses with integrated augmented reality	-	-	17/100