TriLite secures funding in Vienna to boost AR display production

TriLite, a developer of advanced projection displays, has successfully completed an extended Series A funding round, raising over €20 million. This funding round included significant investments from Continental's Corporate Venture Capital Unit and an undisclosed global electronics supplier, both of which are crucial for TriLite's Trixel® 3 projection display technology. The involvement of these strategic investors highlights TriLite's commitment to enhancing its presence in the augmented reality (AR) and automotive sectors. The CEO of TriLite, Dr. Peter Weigand, emphasized the importance of this funding in qualifying and industrializing their laser beam scanning optical engine for consumer AR systems and automotive applications. The support from existing investors, including APEX Ventures, B&C Innovation Investments, and TEC Ventures, has been instrumental in scaling operations and advancing technological innovations. TriLite's display solutions utilize proprietary algorithms and advanced machine learning to create compact, high-quality laser beam scanning devices. The company boasts a team of multidisciplinary researchers and manufacturing experts dedicated to refining their patented technology. The positive evaluations from customers and investors reflect the robustness of TriLite's business strategy and technological advancements. Continental's Corporate Venture Capital unit aims to foster innovation in early-stage technology companies, providing them with access to industry expertise. This partnership is expected to accelerate TriLite's growth and enhance its capabilities in the competitive AR and automotive markets, ultimately leading to the development of cutting-edge display solutions.