Tech Company Financing Transactions
WayRay Funding Round
WayRay closed a $18 million financing round on 3/16/2017. Investors included Alibaba Group and Sistema Asia Fund.
Transaction Overview
Company Name
Announced On
3/16/2017
Transaction Type
Venture Equity
Amount
$18,000,000
Round
Undisclosed
Investors
Alibaba Group (Lead Investor)
Proceeds Purpose
In addition to the funding, WayRay announced that it has partnered with Banma Technologies, a startup funded by Alibaba and China's largest automaker, SAIC Motor, to develop a new car navigation and infotainment system.
Company Information
Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
5200 Meadows Rd. 150
Lake Oswego, OR 97035
USA
Lake Oswego, OR 97035
USA
Phone
Undisclosed
Website
Email Address
Overview
WayRay is a Swiss-based innovator working with augmented reality technology to develop holographic navigation systems and advance the connected car. The WayRay story goes back as early as 2012, and just in four years of development, the company has emerged as a premier developer in connected cars by applying aerospace technology to land navigation.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Vitaly Ponomarev
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About Database of VC Transactions
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.
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