Swave Photonics

Swave Photonics has developed the world's first true holographic display chip — the HXR spatial light modulator with sub-300 nm pixels — enabling AR smart glasses, heads-up displays and 3D video walls without waveguides or varifocal lenses. Spun out of imec in Leuven in 2022 by Theo Marescaux and Dmitri Choutov, the company closed a €27 M Series A in January 2025 co-led by imec.xpand and SFPIM Relaunch, followed by a €6 M Samsung Ventures-backed follow-on in June 2025, bringing total funding to over €43 M. The chip leverages CMOS manufacturing for mass-market cost structures, targeting OEMs in AR wearables and automotive HUDs.