AR Wearable: The cofounders of some of Silicon Valley’s most well-known companies participated in a seed round of funding for Brilliant Labs, a Singapore-based startup that creates augmented-reality wearables powered by ChatGPT, raising more than $3 million.
Among the investors in Brilliant Labs are Adam Cheyer, cofounder of the mobile assistance app Siri, which is now owned by Apple, and Brendan Iribe, cofounder of Oculus VR, the virtual reality headset developer acquired by Meta. Plug and Play Ventures in Silicon Valley and Eric Migicovsky, the creator of smartwatch manufacturer Pebble, are two additional investors.
Brilliant Labs recently released its first item, a ChatGPT extension-equipped monocle-like AR device that users can attach to eyewear. The device, which has a built-in microphone and smart camera, enables users to create apps that can communicate with ChatGPT and other generative AI applications, according to the manufacturer.
Tech enthusiasts have been testing out Brilliant Labs’ AR lens ever since it began shipping in February. Recently, a team of Stanford students created an application for the device using GPT-4, the brains behind ChatGPT, that can generate text suggestions for what to say during dates and job interviews on the monocle’s display.
Brilliant Labs stated that it would use the new funding to grow its staff and create new augmented reality wearables. The statement was made by Bobak Tavangar, cofounder and CEO of Brilliant Labs. “We believe that generative AI is the key enabler for AR, so at Brilliant Labs, we’re building an open-source ecosystem to support developers and creatives reimagining the future,” he said. As we usher in a new era of embodied intelligence—the nexus of AI and AR—we are overjoyed to have the support of our investors.
Global tech giants have previously rushed to introduce wearable AR and VR technologies, but so far, no product has achieved widespread adoption and financial success. Google announced in March that it would stop selling the most recent enterprise version of its smart glasses, which were first introduced in 2013. Due to its high price and short battery life, Apple’s Vision Pro has received mixed reviews in the meantime. Additionally, Meta continues to lose money on its AR and VR project that creates the Quest headset.
Benjamin Heald, Raj Nakarja, and Tavangar founded Brilliant Labs in 2019. According to their LinkedIn profiles, Tavangar was a former programme lead at Apple, Nakarja founded his own wearable computer startup, and Heald worked as a freelance product designer.
However, in general, notable businesses and individuals frequently invest in promising startups in the field of augmented reality (AR) wearables powered by AI. The creators of Siri and Facebook subsidiary Oculus may be interested in assisting creative startups in the augmented reality sector.
AR wearables give users interactive, immersive experiences by fusing artificial intelligence and augmented reality. Numerous potential uses for these gadgets exist, including those in education, entertainment, gaming, and industry.
If the investment rumour is accurate, it indicates that the Singapore-based startup developing an AR wearable powered by AI has impressed experts in the field with its capabilities. The money could assist the startup in expanding its product development and commercialization.
I suggest consulting reputable news sources or conducting a search using current keywords related to the startup’s name and recent developments for the most up-to-date and accurate information about this specific startup and its funding.
The $3 million investment from Oculus and the Siri cofounders shows the industry’s trust and respect for the Singapore-based startup developing AI-powered augmented reality wearables. The startup receives a sizable financial boost as a result of this investment, which also validates its technology and mission. The startup is likely to gain access to priceless knowledge, resources, and networks with the support of these well-known players, which can speed up its growth and increase its chances of success in the cutthroat AR market. This financial achievement paves the way for the startup to continue innovating and offering consumers cutting-edge augmented reality (AR) experiences, potentially paving the way for a bright future in the immersive technology sector.