Auto AR Tech Company WayRay Sets Its Sights on Unicorn Status with $80M Funding Round Led by Porsche
Automotive augmented reality company WayRay has set its destination for a $1 billion valuation with an estimated time of arrival of 2019, and it has just passed a major milestone towards that goal. On Tuesday, the company announced that it has closed an $80 million Series C round led by Porsche, with other participants including Hyundai Motor, Alibaba Group, China Merchants Capital, JVCKENWOOD, and Consortium of Sovereign Wealth Funds, which includes interests from Russia, Japan, Saudi Arabia, Kuwait, United Arab Emirates, and Bahrain. To date, the company has raised more than $100 million... more
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