MA-based Myrias Secures $3M in Seed Funding. This round was led by Asia Optical Inc. Myrias, an emerging developer of all-inorganic printed metaoptics, will use the funding to meet growing customer demand and interest in the company’s structure, materials and process technology platform.
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This investment round also includes participation from UMass Amherst, Tenon Ventures and HOSS Investment Inc. Myrias Optics enables the next generation of metaoptics for augmented reality/virtual reality, consumer electronics, machine vision, advanced robotics, automotive light detection and ranging, defense and aerospace.
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The company, founded by UMass faculty member James Watkins, plans to manufacture optics in Western Massachusetts and hire a substantial workforce.
Myrias CEO Patrick Tan said, “We are very excited to already have multiple Tier 1 customers engaging in AR/VR and consumer electronics applications where Myrias IP and expertise provide unrivaled cost, performance and lifetime advantages over existing etched or printed polymer-based processes, Going forward, we are particularly excited to work with Asia Optical to develop and deploy a new class of optics that enables products that are compact, lighter and easier to assemble at significantly lower costs.”
Asia Optical’s Chairman Robert Lai said, “Our investment and partnership with Myrias is aimed at advancing the development of metaoptics for high-performance optical modules and products, By integrating multiple functions into a single metaoptic layer, we anticipate creating systems with fewer components making it much easier to make. Asia Optical looks forward to developing and extending our optical product offerings across all the industries we serve.”
About Myrias Optics, Inc.
Founded in 2021 by Professor James Watkins, Myrias Optics has secured exclusive worldwide license to six foundational patents with priority dates dating back to 2012, relating to “structures, materials and additive manufacturing process technology” using nano-particle formulations.
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