Swave

Swave Photonics is a fabless semiconductor company that designs and markets Holographic eXtended Reality (HXR) chips based on proprietary diffractive photonics technology. The website presents the HXR chips for spatial computing use cases, including holographic AR glasses, holographic head-up displays and holographic video walls.

The website does not name specific customers or describe a revenue model beyond designing and marketing chips. It states the company is a spin-out from imec. Listed investors include imec xpand, IAG Capital Partners, the European Innovation Council and Acequia Capital; a follow-on investment from Samsung Ventures is mentioned in a news item.

The company is based in Leuven, Belgium and Silicon Valley, California. The website states a team of 40+ with 15 PhDs and lists a Seed round (June 2022, $11M total), a €27M Series A (January 2025) and a €6M Series A follow-on (June 2025). Open roles listed on the site include an Instrumentation Engineer in Leuven and a Head of Industrialization in Taiwan.

Product: HXR (Holographic eXtended Reality) display chips based on diffractive photonics, for spatial computing devices.