17 Jun KPN Ventures provides growth capital to Dimenco
Rotterdam, 17-06-2021 – KPN Ventures, the venture capital investment arm of KPN, announced today it led a 2.5 million Series A funding round in Dimenco with the Brabant Development Agency (BOM).
Dimenco, the world’s leading spatial visualization technology company, revealed earlier this year its Simulated Reality (“SR”) display for laptops that will start shipping early Q4 2021, based on the fully developed Built on SR technology. Simulated Reality is a new form of spatial computing that combines lenticular light-field computer vision, integrated sensors, and image processing algorithms, to seamlessly experience realistic 3D objects in a virtual environment, without the need for any wearables.
This investment of KPN Ventures and the BOM enables Dimenco to further scale its activities to fulfill the growing demand of their customers and to further expand the simulated reality eco-system to become the spatial visualization technology standard in the market. With KPN Ventures now on board, and KPN as a leading Telco, it’s an additional acknowledgment of the value of SR and the need for a wearable-free XR technology.
“KPN Ventures foresees an important role for 5G, and an ever increasing demand for bandwidth, in the Simulated Reality market – XR without wearables. With the first consumer products of Dimenco licensees in the market end of this year, starting with the Acer Spatiallabs laptop and many to follow in 2022, we are very optimistic about the opportunities that our partnership with this innovative Dutch company will bring. We see a great benefit for KPN customers when using SR laptops, with our high bandwidth networks, in their daily work environments in the creative, manufacturing, gaming and health industries.”
Hans Söhngen, Managing Director KPN Ventures
“This investment will take the Dutch development of spatial display technology to the next level. Furthermore, it supports totally new ways of design and development. The development of Dimenco generates jobs and new knowledge. With this investment we also encourage new financiers to follow our example.”
Miriam Dragstra, CEO BOM
Dimenco works closely with its partners, suppliers, and developers to bring Simulated Reality to the mass market. Dimenco’s initial proposition is focused on content creators, designers, and engineers and Dimenco continues to work closely with its partners to bring the first Simulated Reality Gaming products to market in 2022.
Our Series A enables us to further scale up our activities and to Implement our vision of Simulated Reality; creating an experience that you cannot distinguish from reality. With first consumer products coming to market, it is now essential to speed up our developments and scale-up the supply chain”
Maarten Tobias CEO of Dimenco
About KPN Ventures
KPN Ventures is the venture capital investment arm of KPN, the leading telecom, and ICT provider in The Netherlands. KPN Ventures aims to build value-creating partnerships with innovative technology companies, providing access to capital, infrastructure, expertise, network, and customer channels. The fund focuses on direct and indirect (fund-in-fund) investments in early-growth stage European companies in the following segments: Cloud Computing, Cyber Security, Data/AI, Digital Healthcare, Internet of Things, Networking Technology, and OTT Services. KPN Ventures has offices in Amsterdam and Rotterdam and has invested in 9 funds, and 19 direct investments, such as Actility, EclecticIQ, Cybersprint, Minut, Viloc, and ZecOps.
For more information visit kpnventures.com.
Entrepreneurship is the driver of change. From sustainable food sources to a healthy future, climate-neutral energy, and developing promising key technologies – the Brabant Development Agency (BOM) ensures that startups playing a role in these fields get off to a flying start and grow into scaleups, that the right facilities are always available to Brabant-based companies, and that companies that aspire to go global can actually do so. Over the last four years BOM has worked with over 600 companies to achieve such an impact.
BOM. Catalyzing Change.
Learn more at www.bom.nl
With origins in Royal Philips Electronics, Dimenco has been leading the spatial visualization market since 2010. Our mission is to push boundaries and achieve the dream of simulated reality – one of the world’s biggest developments in 3D. We unite hardware, software, and technology to deliver fast, rich, and natural three-dimensional experiences – no wearables required. Our open approach to the possibilities of spatial computing will result in totally new ways of interacting and experiencing your display, exceeding all expectations. With our Built on SR technology, we have developed and produced a range of own-brand innovative products in addition to facilitating OEMs in the leap from ordinary to extraordinary technology production. Surpassing the industry’s standards Dimenco is truly redefining the future of display technology and is excited to welcome the first consumer products built upon Simulated Reality technology to the market in 2021.
Learn more at www.dimenco.eu.