LNGIN is among the first batch of Tier1 suppliers of holographic displays that meet automotive-grade mass production standards. The company provides full-stack solutions for smart mobility.
Recently, LNGIN (Chinese: 棱镜全息) announced the completion of its Series B funding round worth around CNY 100 million, exclusively invested by Arcvideo Tech (Chinese: 当虹科技). Two months ago, the company also pocketed nearly CNY 100 million in Series A+, invested by Geely Technology (Chinese: 吉利科技) and Qianhe Investment (Chinese: 千合投资).
The proceeds will be used for the R&D of technology iteration, optimization of visual algorithm and AI technology, improvement of product mapping, business expansion, and capacity building.
As a holographic technology company, LNGIN has dipped its toe in the travel metaverse, digital entertainment, holographic smart home, and other industrial layouts. After this financing round, LNGIN will deepen strategic synergy with Arcvideo Tech in technology development and ecological expansion.
Yanlong Sun, chairman of Arcvideo Tech, deemed that in the future, the boundary between the virtual world and the real world will blur, and interactive holographic displays, as an important entrance to the meta-universe, will be the indispensable infrastructure for emerging industries such as the Internet of Things, smart cars and virtual reality.
LNGIN’s in-vehicle products are not only deployed in private cars but also landed on high-speed rails, subways, planes, and other public transportation. Besides smart mobility, the company also participated in the digital entertainment industry.
Its competitors include Xianghang (Chinese:像航科技), YesAR (Chinese:衍视科技), and EASPEED (Chinese:东超科技).