Sunnyvale-based augmented reality company DigiLens has secured $50 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on May 14 and led by Diamond Edge Ventures.
According to its Crunchbase profile, "DigiLens is a Silicon Valley-based startup revolutionizing AR displays through innovative waveguide optics and proprietary materials. DigiLens’ waveguide optics allow OEMs to finally access eyeglass-thin displays for wearable AR applications. The company has developed a high-performance photopolymer material and copy process to manufacture precision diffractive optics by printing (not etching) the nanostructures."
The 16-year-old company has raised three previous funding rounds, including a $25 million Series C round in 2018.
The round brings total funding raised by Sunnyvale companies in manufacturing over the past month to $51 million. The local manufacturing industry has produced seven funding rounds over the past year, yielding a total of $108 million in venture funding.
In other local funding news, cloud infrastructure and e-commerce company Webscale announced a $14 million Series B funding round on May 13, led by Mohr Davidow Ventures.
According to Crunchbase, "Webscale is the world’s first and only integrated web application delivery solution that provides infinite proactive scalability, high performance, security and control in a single, powerful platform. Created on the foundation of seven years of PhD research into predictive analytics and its application to the challenge of infrastructure auto-scaling in the cloud, Webscale’s dynamic resource allocation IP is unlike any other scaling or load balancing solution available today, due to its unique ability to look ahead of demand, and scale out both the ADC and web application layers to deliver a smooth, frictionless user experience for website visitors."
Founded in 2013, the company has raised four previous rounds, including a $9.2 million Series A round in 2016.
Meanwhile, predictive analytics and fintech company Crowdz raised $5.5 million in Series A funding, announced on May 22. The round's investors were led by Barclays Investment Bank.
From the company's Crunchbase profile, "Crowdz is the Invoice Auction & Exchange for Trade Finance. One of the most pressing issues in global commerce today — and, in particular, in global supply chains — is the financial viability of the small and midsize enterprises, or SMEs, that account for 70% of all supply-chain participants. These SMEs typically have to wait for 90 days or more to be paid for the products they sell, yet they lack access to affordable ways of accelerating their cash flow."
Crowdz last raised $20,000 in funding in 2018.
Also of note, internet of things company Chefling Inc. raised Series A funding, announced on May 15.
From Crunchbase, "Chefling is an application that monitors, organizes, selects food, and keeps tracks of grocery needs. Chefling keeps track of your ingredients, suggests delicious recipes based on those ingredients, and automatically creates a shopping list with the other ingredients you need for the given recipe. The company was founded in early 2016 by a group of Northwestern University graduates."
The company previously raised $1 million in seed funding in 2018.
Rounding out the city's recent top local funding events, digital media company Matterport raised corporate round funding, announced on June 12 and financed by Parametric Technology (PTC).
From Crunchbase, "Matterport develops and operates a cloud-based platform that enables users to create cloud-based 3D and virtual reality models of real-world spaces that can be experienced, changed, and shared online. Its 3D model allows people to walk through, modify and share digital environments on devices, such as laptops and iPads."
The company previously raised $48 million in Series D funding earlier this year.
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