Top AR Waveguides startups
There are 24 AR Waveguides startups which include Lumus, Dispelix, Cellid, LetinAR, vitrealab. Out of these, 18 startups are funded, with 16 having secured Series A+ funding. China and United States have the most number of companies in AR Waveguides (7), followed by United Kingdom
(2).
Notably, several of these startups have been founded by alumni of Stanford University.
Here is the list of top AR Waveguides Startups

1. Lumus
Lumus develops solutions for AR headsets that claims to give users information without interrupting their vision. Its offering LOE is a patented, ultra-thin lens technology that embeds mini-projector at temples of glass that take information from smartphones and projects into the side of LOE using coupling optics, which later appears as a virtual large screen to the user. Using its proprietary tech the company has developed its DK-Vision range of head-mounted displays namely, DK-51, and DK-52. Its DK-51 is a Snapdragon 820 powered HMD AR development kit that runs on Android Marshmallow 6.0. Partners are DAQRI, Quanta Computer and HTC among others.
Key facts about Lumus
- Founded Year: 2000
- Location: Ness Ziona (Israel)
- Stage: Series C
- Total Funding till date: $57M
- Investors: Quanta Computer, Vaizra Investments and 8 Others
- Latest Funding Round: Series C, Jan 19, 2017, $*****
- Tracxn Score: 61/100 What is this?
- Competitors Rank: 6 of 427 Competitors

2. Dispelix
Developer of waveguide displays for augmented reality devices and glasses. These transparent waveguides optically combine the real and virtual worlds. The company's designs redefine the form, function, and feel of augmented reality devices. Waveguides are designed for stable, scalable mass production using proven materials and methods.
Key facts about Dispelix
- Founded Year: 2015
- Location: Espoo (Finland)
- Stage: Acquired
- Total Funding till date: $54.6M
- Investors: Lifeline Ventures, Voima Ventures and 8 Others
- Latest Funding Round: Series B, Nov 08, 2021, $*****
- Tracxn Score: 60/100 What is this?
- Competitors Rank: 3 of 41 Competitors
3. Cellid
AR based browser stickers. Claims to use image recognition engine and deep learning enabling real-time search. Additionally, allows the user to add information to the existing results and the same can be viewed by others in AR. As of March 2018, the application is compatible with iOS devices only but plans to launch it for Andriod devices as well.
Key facts about Cellid
- Founded Year: 2003
- Location: Tokyo (Japan)
- Stage: Series C
- Total Funding till date: $42M
- Investors: Development Bank of Japan, Tel Venture Capital and 10 Others
- Latest Funding Round: Series C, Apr 15, 2025, $*****
- Tracxn Score: 57/100 What is this?
- Competitors Rank: 3 of 27 Competitors
4. LetinAR
Developer of AR-based smart glasses. It is a technology company that develops optical solutions for augmented reality headsets and glasses. Its offerings include an AR optic lens that claims to be capable of showing a sharp virtual object image on short distances using small reflectors. It provides a field of view of over multi-degrees, which can be extended by arranging more pin mirrors, and a full-color expression without chromatic aberration. Claims that the technology enables simultaneous display and interaction with a virtual object away from the eyes, without feeling dizzy.
Key facts about LetinAR
- Founded Year: 2016
- Location: Anyang-si (South Korea)
- Stage: Series B
- Total Funding till date: $41.7M
- Investors: Kakao Ventures, NAVER D2 Startup Factory and 13 Others
- Latest Funding Round: Series B, May 19, 2026, $*****
- Tracxn Score: 57/100 What is this?
- Competitors Rank: 12 of 423 Competitors

5. vitrealab
Developer of light engines and waveguide technology for augmented reality displays. The company focuses on creating lightweight, small, and bright light engines suitable for outdoor use in augmented reality glasses. It develops display components with quality inspection systems for augmented reality glasses. The company also offers solutions to overcome hurdles of light engines.
Key facts about vitrealab
- Founded Year: 2018
- Location: Vienna (Austria)
- Stage: Series A
- Total Funding till date: $11M
- Investors: APEX Ventures, PhotonVentures and 11 Others
- Latest Funding Round: Series A, Jan 07, 2026, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 6 of 61 Competitors