Lynx raises 4M$ in Series A funding led by Somnium Space
Paris, France (May 25th 2022) — Virtual and Augmented Reality company Lynx today announced 4M$ in Series A funding.
The funding round was led by Somnium Space and followed by early supporters of Lynx, with participation of other investors involved in the AR/VR field such as ex-Meta and Google engineers. Artur Sychov joins the board of directors of the company.
Lynx created a Mixed Reality headset featuring all the bells and whistles you expect from state of the art Metaverse hardware including large field of view, spatial audio, hand-tracking, high quality 6DoF and color passthrough for Augmented and Virtual Reality applications, built on top of Qualcomm XR2 technology.
"At Somnium Space we truly believe in the future of open and decentralized Metaverse which empowers its users. This includes, not only software, but also very importantly hardware. The Lynx team led by Stan has created an extraordinary AR / VR device (Lynx-r) with openness in mind which will change and revolutionize the way we all think and interact with this market category. I am very happy to support this company and believe that together we will push the boundaries and potential of the VR/AR industry forward." says Artur Sychov, Founder & CEO of Somnium Space.
In the last 12 months, Lynx achieved significant milestones including:
- Finalized the design of Lynx R-1, the first standalone Mixed Reality headset, directly competing with AR/VR products coming from biggest US and Chinese Big Tech companies.
- Completed a successful and highly anticipated Kickstarter campaign in November 2021
- Completed office expansion in Paris, now at more 200 square meters of R&D and established a new office in Taiwan.
- Developed key partnerships with suppliers and distributors worldwide for the upcoming launch and deliveries of Lynx R-1.
“We have this opportunity right here to create the European Champion of Mixed Reality with our work at Lynx, supported by a vibrant community of users and developers desperate to see alternatives to Big Tech companies products and their closed ecosystems.” says Stan Larroque, founder and CEO of Lynx. “What’s the point of creating a European Metaverse if the underlying platform, the door we use to access it, remains in the hands of the same big players with their damaging business models?” he adds.
Lynx creates high performance Virtual and Augmented Reality devices with an ecosystem based on openness and privacy. Based in Paris, it competes with US and China Big Tech offerings in AR and VR with its first product, Lynx R-1, the first standalone Mixed Reality device.
Lynx works with the best technological companies on the planet like Qualcomm, Ultraleap, Nvidia and others to deliver a new paradigm of man-machine interface that will transform how we game, work, and communicate.
About Somnium Space
Somnium Space is an open, decentralized and immersive Social VR platform powered by blockchain. Users can purchase digital land, build homes and buildings, play hyper-realistic video games, start businesses, offer concerts and live events. Artur Sychov, the founder and CEO of Somnium Space, launched the platform in 2017 and opened it to the public in September 2018.