[Funding alert] AR/VR hardware startup AjnaLens raises $1M from MHD group, others

[Funding alert] AR/VR hardware startup AjnaLens raises $1M from MHD group, others

AjnaLens, a Mumbai-based AR/VR hardware start-up, on Thursday revealed an overall fundraise of $1 million in a bridge round led by Oman-based corporation Mohsin Haider Darwish (MHD) Group and angel financiers from India. &#xA 0;

Founded in November 2014, AjnaLens styles and produces modern blended truth glasses for education, business, and defence. The start-up has actually effectively finished 20+ pilots and got orders from the Ministry of Defence, Indian Army, DRDO, Maharashtra Government, and couple of personal business.

The start-up stated it will mainly utilize the financing for enhancing its production and satisfying consumers &#x 2019; need. It likewise means to utilize the capital for R&D, sales, marketing, working with skill and filing more patents.

AjnaLens has actually currently submitted 15 patents in the locations of hardware, core innovation and software application applications.  AjnaLens

AjnaLens Founders (L-R): Abhijit Patil (COO), Abhishek Tomar (CTO) and Pankaj Raut (CEO)

.READ.AjnaLens ends up being very first India-made AR headset, set to bring virtual worlds to life..&#x 201C; The development of the AR/VR market has actually sped up due to pandemic and the concentrate on being &#x 2018; Atmanirbhar &#x 2019; in crucial innovations is offering us with really fascinating tailwinds, &#x 201D; stated Abhijit Patil, Co-founder and COO, AjnaLens.

Last year, the company protected $ 1.5 million in its very first institutional financial investment by Maharashtra Defence and Aerospace Venture Fund handled by IDBI Capital Markets and Securities Limited. Formerly it has actually brought in marquee financiers like Vijay Shekhar Sharma, Japan Vyas and Nailesh Khimji.

To support the nation in this pandemic, AjnaLens introduced an AR-enabled wise helmet AjnaTX that scans numerous individuals within minutes and recognizes possible COVID-19 dangers. The wise helmet empowers front-line employees to recognize temperature level, individuals without masks, and social distancing lawbreakers from a 10-feet range. The group at AjnaLens established this option working from another location throughout the lockdown. Presently, the start-up is performing on-ground pilots in addition to getting order.

&#x 201C; The mix of the large capacity of the AR/ MR innovation, AjnaLens &#x 2019; amazing item advancement, strong technical knowledge and impressive client pipeline makes them distinctively placed to provide on the guarantee of driving the environment of the AR/VR market in the APAC market, &#x 201D; included Mohsin Hani Al Bahrani, Director of Mohsin Haider Darwish (MHD) Group.

The start-up stated it is likewise introducing its enterprise-grade blended truth glasses by March 2021.

Edited by Kanishk Singh


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