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IXI raises $36.5M from Amazon and more to bring the concept of autofocus toprescription glasses
Finnish startup IXI raises $36.5M, led by Amazon's Alexa Fund, to develop innovative autofocus prescription glasses that automatically adjust for presbyopia using eye-tracking and liquid crystal technology. Founded by ex-Nokia and Varjo team members, IXI aims to provide a seamless solution for vision correction, addressing a rapidly growing $200 billion eyewear market.
Key points
- IXI has raised $36.5 million in funding, with participation from Amazon, to develop autofocus glasses.
- The technology employs eye-tracking and liquid crystal lenses to adjust focus automatically for presbyopia.
- The glasses aim to replace multiple pairs needed for different vision needs, enhancing usability.
- The estimated battery life is about two days, ensuring continuous vision correction even if the battery dies.
- IXI's team has a strong background in mobile technology from Nokia and mixed-reality development at Varjo, giving them expertise in advanced optics.
Why it matters
- The eyewear market is projected to be over $200 billion and growing at over 8%, making it an attractive space for innovation.
- Other companies, like Elcyo and Laclarée, are also exploring autofocus eyewear, but IXI’s approach focuses solely on vision correction rather than multifunctional features.
- The growing demand for smart healthcare solutions and advanced optical technology aligns with ongoing trends towards personalized and adaptive consumer products.
IXI's innovative approach to eyewear could redefine vision correction and significantly impact the eyewear industry, as the blend of technology and medical needs addresses a large and growing market.