RESEARCH TRIANGLE PARK – ImagineOptix, an emerging entrepreneurial company which focuses on optics technology used in virtual and augmented reality devices, has raised another $5 million in new capital.
And according to a securities filing, the firm launched at N.C. State is looking to raise another $4 million.
The new funding comes after ImagineOptix raised $9 million in December of 2018.
Company leadership decided to keep the firm based in North Carolina after mulling locations for a new headquarters.
ImagineOptix says it has developed “proprietary technology that allows optics to be thinner, lighter, and more efficient than current optics solutions.”
ImagineOptix launched in 2004 under the leadership of optical science researcher, Michael Escuti, a professor from NCSU, long-time IBM executive Dennis Kekas, Dennis’s son Jason Kekas.