Morphotonics, a deep technology company based in Veldhoven, the Netherlands, has closed a Series B financing round of more than €40 million. The funding will accelerate its large-area nanoimprint lithography platforms for AI glasses, augmented reality waveguides, and advanced photonic components. The round combines continued backing from existing investors with new institutional support, positioning the company to scale high-volume manufacturing.
Scaling Critical Optical Manufacturing
Waveguides are transparent optical components that project digital images into a wearer's field of vision and are central to many AI glasses and spatial-computing devices. They remain among the most difficult and expensive components to manufacture at consumer-electronics scale. Morphotonics' technology can replicate micro- and nanoscale structures across large substrates while meeting the throughput, precision, and reliability required by consumer-electronics manufacturers.
Conventional production methods for waveguides can be slow, expensive, and difficult to adapt to different optical designs. Morphotonics develops large-area nanoimprint lithography platforms that press nano- and microscopic patterns into a liquid resin coating using a mould and then harden the pattern with ultraviolet light. This approach allows manufacturers to reproduce patterns with high precision across large surfaces, producing components such as AR waveguides at higher volumes and lower costs.
Investor Confidence and Market Demand
The expanded Series B includes continued support from 3M Ventures, Innovation Industries, and BOM, alongside Invest-NL as a major new investor. The European Innovation Council Fund, Ernij Next, and the European Investment Bank also participated, forming a strong syndicate behind the company's next phase of growth. Morphotonics said revenue tripled in 2025 compared with 2024, and it installed several platforms for high-volume manufacturing worldwide.
The financing comes as technology companies in the United States, Asia, and Europe increase investment in AI-enabled glasses and spatial-computing devices. Counterpoint Research estimates consumers will spend more than $1 trillion on wearable devices between 2026 and 2032, with smart glasses alone generating $44 billion in sales by 2032. Producing the optical hardware needed for lightweight and affordable devices remains a significant manufacturing challenge despite rapid advances in AI software.
Expanding Capacity and Partnerships
Morphotonics will use the new funding to increase production capacity for its Cypris platform, designed specifically for high-volume waveguide manufacturing. The company also plans to advance product development, expand engineering and commercial teams, strengthen supplier networks, and build after-sales infrastructure. It is working with manufacturers in China, Taiwan, the United States, and Europe as they develop production processes for AI glasses and other optical systems.
The company has expanded its lab-to-fab partner network, allowing customers to test and develop large-area nanoimprint processes before investing in their own production equipment. Morphotonics is based in Veldhoven within the Brainport high-technology cluster, providing access to semiconductor, photonics, and advanced-manufacturing suppliers and talent. Beyond AI glasses and augmented reality, the technology may also support displays, sensors, and photonic systems such as Co-Packaged Optics for data centers.
Leadership and Strategic Outlook
CEO Hugo da Silva said AI is moving off the screen and into the real world through glasses, spatial systems, and a new generation of intelligent devices. He stressed that such devices will not reach mass adoption unless their optical components can be manufactured at consumer-electronics scale. Morphotonics aims to bring nanoimprint lithography from specialist production into high-volume manufacturing and reduce a key barrier facing advanced optical devices.
Invest-NL Senior Investment Manager Johan Stins described the company as addressing a clear industrial challenge in manufacturing increasingly complex optical components at the scale and cost required by consumer markets. Mark Copman of 3M Ventures noted the company's innovative manufacturing approach and the firm's continued support. Chantal Schrijver of the European Investment Bank Group highlighted the importance of keeping European technology competitive and helping local businesses grow in Europe.
With this expanded Series B round, Morphotonics is positioned to help close the gap between advanced AI software and the optical hardware needed for mass adoption. Demand for AI glasses, augmented reality, and Co-Packaged Optics is growing, and the company's manufacturing platforms address a critical bottleneck in photonics. The investment reinforces Morphotonics' role in enabling the next generation of intelligent devices and data-center architectures.