That brings the seven-year-old company’s total funding to over $100M on a $500M valuation. The company is actually calling its shot with a projected $1B valuation by 2019.
WayRay’s technology is the closest melding of video games and on-road driving I’ve seen. If that’s a frightening prospect, you can take some comfort in the fact that safety is one of its primary pitches.
In essence, WayRay’s projector, which is smaller than most aftermarket heads up display (HUD) units, turns the entire windshield into an AR hologram. Standard instrument information, such as MPG and speed, are of course displayed, but the system also reads roads and highlights lanes with Tron-like lighting, projects navigation maps and instructions, and issues warnings about potential hazards, such as pedestrians.
It’s a philosophy of technology integration in an AR ecosystem often focused on paradigm-shifting releases. Much of the lackluster adoption of AR/VR to date can be attributed to the way technology developers have tried to pitch novel new systems. Adoption is likelier to happen as mixed reality technologies integrate into existing consumer experiences.
In fact, the thing that’s so surprising about WayRay’s tech, and likely the reason it’s getting the vote of confidence from legacy…