GRAND RAPIDS – IMMY Inc. — originally formed in 2002 in Detroit — is developing a display system aimed at curing the typical problems that accompany current head-mounted displays used for virtual and augmented reality.
These displays — like Microsoft’s HoloLens, Facebook’s Oculus and MagicLeap — tend to cause eye fatigue, motion sickness and other issues that make it less than ideal for mass adoption.
IMMY, which recently started doing business as Optique, has stood as a pre-revenue company for nearly 20 years. CEO Salvatore “Sam” Vilardi now reports that the company has raised roughly $14 million to date. This includes a recent rights offering that raised $800,000 for the company.
