Dispelix
Dispelix is a fabless Finnish company that designs diffractive waveguide combiners and proprietary design software used as see-through displays in AR glasses, selling custom components and reference designs to OEMs across consumer, enterprise, and aerospace/defense markets.
- Company typePrivate
- Founded2015
- HeadquartersEspoo, Finland
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Dispelix does
Dispelix Oy is a fabless Finnish deep-tech company founded in 2015 that designs transparent diffractive waveguide combiners used as see-through displays in augmented reality (AR) devices. Its core products — the Selvä LED waveguide combiner and the DPX 30-50° diffractive waveguide, alongside custom consumer and enterprise waveguide displays — optically merge virtual imagery with the real world, targeting AR glasses with eyeglass-class form factors and full-color performance. Underlying the products is a portfolio of 200+ granted patents, a proprietary optical design and simulation tool called Dispelix Waveguide Studio™, and co-developed manufacturing techniques such as Displacement Talbot Lithography with Eulitha and polymer substrates with Mitsui Chemicals (Diffrar™).
The company sells primarily to enterprise OEMs, ODMs, and integrators through direct sales and reference-design partnerships, with named engagements including Pegatron (CES 2024 AR glasses reference design), Foxconn Industrial Internet, TCL Electronics, Avegant, JBD, TriLite, Coretronic, HOYA, and Collins Aerospace (RTX) for aerospace and defense applications. Its go-to-market is enterprise field sales with OEM-embedded reference designs, while manufacturing is outsourced to mass-production partners — most notably AAC Technologies, with which Dispelix has a long-standing strategic manufacturing partnership that culminated in a November 2025 definitive acquisition agreement expected to close in the first half of 2026. Through 2024, Dispelix had raised approximately $78.4 million in disclosed venture funding and operated from Espoo and Joensuu (Finland), Palo Alto (US), and China.
Dispelix firmographics
Firmographics- Name
- Dispelix
- Legal name
- Dispelix Oy
- Website
- https://dispelix.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Dispelix is a fabless Finnish company that designs diffractive waveguide combiners and proprietary design software used as see-through displays in AR glasses, selling custom components and reference designs to OEMs across consumer, enterprise, and aerospace/defense markets.
- Ownership category
- akta.pro rank
Dispelix industry classification
Industry- Product category
- Augmented Reality Waveguide Displays
- SIC
- Optical Instruments & Lenses (3827)
- akta.pro primary industry
- Optoelectronic Components (LEDs, photodiodes, optocouplers, optical sensors) (IMAGAJAF)
- akta.pro secondary industries
- Display & Illumination Components (MicroLED/OLED Drivers/Backlight Optics) (HDAHALAN), Injection Molded Optical & Transparent Parts (Lenses, Light Guides) (IMANAFAL)
Keywords
Where Dispelix is headquartered
LocationHeadquarters
- HQ city
- Espoo
- HQ country
- Finland
- HQ region
- Europe
Offices4 records
Markets served
Dispelix business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- AR Waveguide Display Components: Dispelix develops and delivers custom waveguide displays for consumer and professional AR devices. As a fabless company, they design waveguides that are manufactured by carefully vetted mass production partners, then sold to OEM customers.
- Engineering Samples and Evaluation Kits: Sale of development sample waveguides and evaluation kits for customer testing and evaluation purposes. DPX 30-50° evaluation kit available for customer deliveries.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Dispelix product offering
Product offeringCore offering
Dispelix is a fabless technology company that designs and supplies transparent diffractive waveguide combiners used as see-through displays in augmented reality (XR) devices. The company engineers custom single-layer and multi-layer waveguide displays for consumer and enterprise AR glasses, supported by its proprietary waveguide design software (Dispelix Waveguide Studio™) and validated through partnerships with mass-production manufacturers such as AAC Technologies and HOYA.
Product overview
Dispelix is a fabless waveguide supplier developing and delivering transparent diffractive waveguides used as see-through displays in AR devices. The product portfolio centers on waveguide combiners (Selvä, DPX 30-50°) that fuse virtual and real content, supported by the proprietary Dispelix Waveguide Studio™ design and simulation software. The company offers custom waveguide displays for both consumer AR (eyeglass-form) and enterprise/professional AR applications, along with reference design modules combining Dispelix waveguides with partner light engines (LED, LCoS, MicroLED, DLP). Dispelix operates through partnerships with mass production manufacturers and technology partners including AAC Technologies, Avegant, JBD, TriLite, and HOYA for glass wafer supply.
Differentiator
Problem solved
Functional benefit
Brands
- Dispelix Waveguide Studio™: Proprietary optical waveguide design software using advanced algorithms, AI, and modern computing strategies for waveguide combiner design.
- Dispelix Selvä
- DPX 30-50°
Products and services
- Selvä LED Waveguide Combiner Single-layer, full-color LED waveguide display combiner for eyeglass-form XR glasses. Provides bright and sharp full-color image with large eyebox, maintains social, wearable, and visual comfort for the user. Compatible with DLP, MicroLED, and LCoS projectors. Sold to consumer and enterprise OEMs building AR smart glasses.
- DPX 30-50° Waveguide Display Ultra-thin, high-performance, mass-manufacturable see-through near-eye AR waveguide display optimized for multiple fields of view with full-color AR experience. Compatible with DLP, LCoS, and MicroLED projector technologies. Offered to OEMs, ODMs, and evaluation kit customers.
- Custom Waveguide Displays for Consumer AR Custom waveguide displays designed for consumer AR glasses that look and feel like ordinary eyewear. Targets high-volume consumer market with tailored form factors, full-color performance, and everyday wearability. Sold to consumer electronics OEMs and ODMs.
- Custom Waveguide Displays for Enterprise AR Customer-specific AR waveguide engineering for enterprise and professional AR applications, including head-up displays and devices for healthcare, manufacturing, and other professional use cases. Provides tailored solutions that exceed expectations for professional AR devices.
- Dispelix Waveguide Studio™ Proprietary optical waveguide design and simulation tool using advanced algorithms, AI, and modern computing strategies. Enables creative waveguide design with fast simulation capacity, multi-objective optimization, human-centric vision modeling, and manufacturing tolerancing; compatible with high-performance computing clusters. Supports Dispelix's custom waveguide display offerings for OEM/ODM customers.
Quantifiable outcome
- DPX 30-50° waveguide delivers 50-degree field of view (upgrade from 30 degrees)
- +2 more outcomes
Companies that use Dispelix
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Dispelix technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Dispelix partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered strategic, major and core.
- EulithastrategicCo-development of novel nanofabrication process using Displacement Talbot Lithography (DTL) and three-layer stack with dry etching. Enables production of high-fidelity nanostructures for advanced waveguides.
- Mitsui ChemicalsstrategicCollaboration to advance development of polymer waveguides for AR eyewear using Mitsui Chemicals' Diffrar™ substrates. First waveguide demo unit showcased at SPIE AR|VR|MR 2025 weighed just 1.85 grams.
- Collins Aerospace (RTX)majorLong-term supply agreement to incorporate Dispelix's advanced AR waveguide displays into Collins Aerospace's aerospace and defense products. Collaboration to deliver next-generation solutions with lower size, weight and cost relative to legacy systems.
- Foxconn Industrial InternetstrategicAgreement to produce AR glasses reference design using Dispelix Selvä waveguide. Foxconn Industrial Internet builds cross-industry industrial Internet application platform driven by cloud computing, IoT, AI, and robotics.
- PegatronstrategicAgreement to produce AR glasses reference design using Dispelix Selvä. Reference design unveiled at CES 2024 featuring single-layer, full-color waveguide displays with LCoS projectors for consumer and enterprise OEMs.
- AvegantcoreJoint reference display module launch at AWE USA 2023 featuring Dispelix Selvä LED waveguide combiner and Avegant's AG-30L2 light engine. Components available to buy for turnkey AR glasses development.
- VividQstrategicCommercial partnership to develop 3D waveguide technology for holographic AR gaming. Companies designed and manufactured waveguide combiner for simultaneous variable-depth 3D content display.
- Colorchip and MaradinstrategicPartnership to advance LBS solutions for AR glasses, integrating Dispelix's diffractive waveguide displays, Color Chip's PLC beam combiner, and Maradin's MEMS projection technology.
- JBD (Jade Bird Displays)coreLong-term R&D partnership to develop reference designs for AR glasses combining JBD's MicroLED projectors with Dispelix LED waveguide. Includes flagship model with binocular waveguides and polychrome MicroLED projectors.
- TriLitestrategicPartnership on ultra-compact projection display combining TriLite's Trixel 3 laser beam scanner (world's smallest at less than 1 cm3) with Dispelix's advanced waveguides for AR smart glasses.
- AvegantcorePartnership to optimize Dispelix's nanotech-enhanced LED waveguides for pairing with Avegant's AG-30L 30° LED light engines. Enables turnkey solution for developing highest-performance AR glasses.
- AAC Technologies Holdings Inc.coreAAC became one of Dispelix's strategic partners for mass manufacturing of see-through waveguide displays. Partnership brings together Dispelix's unique waveguide technology and AAC's unparalleled expertise in wafer-level optics mass manufacturing.
- TCL ElectronicscoreCo-development of cutting-edge AR solution with customized waveguide and full color microLED for smart glasses. Displayed at CES showcasing navigation routes and AR content overlays.
- OQmentedstrategicStrategic partnership to collaborate on development and commercialization of MEMS-based LBS technology. Combines OQmented's one-chip MEMS projection solution with Dispelix's diffractive waveguide display for smart glasses demonstration.
- Basemark (Rocksolid Ecosystem)strategicFounding member of Basemark's Rocksolid Ecosystem for software-defined car paradigm. Collaboration to explore AR applications in autonomous and connected vehicles.
- Coretronic CorporationcoreStrategic projector partnership to develop AR optical module solutions. FOV 40 and FOV 50 projectors based on Coretronic's DLP technology used in Dispelix's new DPX 30-50° evaluation kit.
- HOYA Group Optics DivisioncorePartnership with HOYA to provide highest-quality waveguide displays using HOYA's high refractive index glass wafers for Dispelix's single-layer and multi-layer diffractive AR waveguides for mass manufacturing.
- STMicroelectronics (LaSAR Alliance)coreFounding member of LaSAR Alliance (Laser Scanning for Augmented Reality), an ecosystem of leading technology developers collaborating to develop and accelerate AR smart-glass solutions. ST provides MEMS micro-mirror platform and BCD expertise.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Dispelix competitors and assessment
Company assessmentBroad incumbents
- Microsoft (HoloLens): Large incumbent with HoloLens AR headsets featuring in-house waveguide and MEMS display development. Represents both a competing AR platform and a potential supply-chain benchmark for waveguide technology.
- North (Google): Google acquired North (Focals AR glasses) and continues internal AR glasses development. Comparable as a Big Tech player pursuing consumer AR glasses that could source waveguides externally or develop them in-house.
- Apple: Acquired Metaio (AR software) and has long-running AR headset/glasses efforts, with substantial in-house optics R&D. Relevant to Dispelix as a potential customer, vertical integrator, and benchmark for AR display architecture choices.
- Meta (Reality Labs): Major AR/VR platform investor through Reality Labs with active AR glasses and waveguide R&D. Comparable to Dispelix in addressing consumer AR optics, with substantially greater capital resources to develop or acquire competing technology.
Emerging players
- Optinvent: France-based developer of AR waveguide and retinal-projection displays. Niche emerging peer with overlapping waveguide technology targeting enterprise and industrial AR customers.
- Avegant: US maker of LED light engines for AR headsets that Dispelix partners with for reference designs. Partly overlapping ecosystem role (near-eye display components for AR), and a useful comparator on light engine-side AR optics.
Direct peers
- Lumus: Israeli maker of reflective waveguide displays for AR glasses. Most direct technical and commercial competitor to Dispelix in the AR waveguide combiner category, serving the same set of consumer and enterprise OEMs.
- Magic Leap: US-based AR headset and display company with in-house waveguide and light engine development. Directly comparable to Dispelix in addressing enterprise and prosumer AR customers with advanced near-eye displays.
- Vuzix: Public US company (NASDAQ: VUZI) developing AR smart glasses and waveguide optics. Comparable to Dispelix as an AR display provider addressing both enterprise and emerging consumer use cases.
- WaveOptics: UK-based diffractive waveguide display company acquired by Snap Inc. Direct competitor to Dispelix in surface-relief grating waveguides for AR smart glasses, pursuing the same consumer AR OEM market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Dispelix social profiles
Digital presenceDispelix financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dispelix leadership team
Management profileNumber of profiles
Profiles16 records
Dispelix subsidiaries and ownership
Company hierarchySubsidiaries2 records
Dispelix funding detail
Funding detailFunding overview
Funding rounds5 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dispelix M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Dispelix
What does Dispelix do?
Dispelix is a fabless technology company that designs and supplies transparent diffractive waveguide combiners used as see-through displays in augmented reality (XR) devices. The company engineers custom single-layer and multi-layer waveguide displays for consumer and enterprise AR glasses, supported by its proprietary waveguide design software (Dispelix Waveguide Studio™) and validated through partnerships with mass-production manufacturers such as AAC Technologies and HOYA.
Is Dispelix a public or private company?
Dispelix is a private company. It is classified as venture growth investor backed and is currently operating.
When was Dispelix founded?
Dispelix was founded in 2015. It employs 51 to 100 people.
Where is Dispelix based?
Dispelix is headquartered in Espoo, Finland, in the Europe region.
How does Dispelix make money?
Two revenue lines are on record. AR Waveguide Display Components are the primary driver. The others are engineering Samples and Evaluation Kits.
Who are Dispelix's main competitors?
Broad incumbents on record are Microsoft (HoloLens), North (Google), Apple and Meta (Reality Labs). Emerging players are Optinvent and Avegant. Direct peers are Lumus, Magic Leap, Vuzix and WaveOptics.
Does Dispelix have an API?
No public API is recorded for Dispelix.
What industry is Dispelix in?
Dispelix's product category is Augmented Reality Waveguide Displays. Its primary akta.pro industry code is IMAGAJAF, Optoelectronic Components (LEDs, photodiodes, optocouplers, optical sensors), with a secondary code of HDAHALAN, Display & Illumination Components (MicroLED/OLED Drivers/Backlight Optics). Its SIC code is 3827.