A user wearing the R-1 headset. Photo: Lynx.
Reality Check
Startups Facebook AR/VR

Lynx’s Series A Raise; New Research Toward Focusable VR Lenses

Photo: A user wearing the R-1 headset. Photo: Lynx.

Lynx, the French hardware startup aiming to launch its first mixed reality headset, the R-1, this summer, has completed a $4 million Series A raise at an undisclosed valuation. Led by Somnium Space, a blockchain-centric social VR platform and metaverse-focused investor, the new round is very likely Lynx’s last major announcement before production begins in a few months’ time.

Founder and CEO Stan Larroque, who first spoke with Reality Check about his ambitions to take on tech giants with the Lynx R-1 headset last year, said that completing this round was a “very, very difficult experience, even with all the help in the world.” What began in 2021 with a trip to Silicon Valley to meet with investors—a time during which Larroque stayed at the home of Oculus founder Palmer Luckey—became a nearly year-long process that played out while Lynx also finalized the R-1’s design, bolstered its angel funding with crowdfunding and grappled with delays. Larroque said he’s glad, especially given the state of the economy, to have completed the Series A round now.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Briefing Enterprise Amazon
Roe Ruling’s Repercussions for Tech; Zendesk’s Fit of Pique
Protesters at the Supreme Court today. Photo by AP
What a week! Tech business news has been relatively scarce in recent days—but today’s Supreme Court decision overturning Roe v. Wade will have repercussions for all businesses. For the tech industry, which has been spreading outside the San Francisco Bay Area and New York for the past couple of years as remote work has become widely available, the ruling makes operating in states with abortion...
Latest Briefs
 
Congressional Report Says Robinhood Understated Liquidity Problems During Meme Stock Craze
Zendesk Agrees to $10.2 billion Buyout Months After Rejecting Higher Bid
Meta Plans To Shut Down CrowdTangle Tool
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Jerry Seinfeld (left) and Ted Sarandos. Photo by Getty. Art by Mike Sullivan
Exclusive Media/Telecom Amazon
A Netflix Slump Tests Sarandos’ Talent Savvy
In 2019, when comedian Mike Myers was pitching a new comedy series to Netflix, program executives at the company were skeptical.
Art by Mike Sullivan.
The 1:1 Amazon Cloud
‘I choose to be intentionally paranoid’: Adam Selipsky Navigates AWS Into a Cloudy Future
Of the five big tech companies that dominate their respective corners of the industry, Amazon is the only one whose headquarters sprout from the soil of a bustling metropolis.
Amazon's logo on a tent at Cannes this week. Photo by Reuters.
Amazon
Amazon’s Ad Staffers Flee Amid Complaints of Bloat, Bureaucracy
In the years immediately before Covid-19 sidelined the global advertising festival in Cannes, Amazon kept a low-key presence at the annual gathering of ad and tech people.
Crypto Markets
Tech’s Worst-Timed Deals: Six Acquisitions That Have Not Improved With Age
As tech valuations collapse to a fraction of where they were last year, executives likely have a few regrets.
Social Studies Startups
So Your Startup Died. What Do You Do With All That Swag?
Megan Auringer started as a project manager at construction startup Katerra in January 2018, the same month it announced an $865 million fundraising round led by SoftBank’s Vision Fund, the world’s largest private tech investor.
Signage at VidCon 2016. Photo by Shutterstock
VidCon Returns as Chill Falls on Creator Economy
VidCon, the annual gathering of social media creators, fans and industry representatives, will descend on Anaheim, Calif., Wednesday for the first time since 2019.