# WayRay funding: rounds and investors

> WayRay has raised $98M across 2 rounds since 2017. Investors include Alibaba Group, Alibaba and Porsche. Every round with its source.

Source: https://millionrounds.com/company/wayray (Millionrounds; every figure on the page links to its filing or article)

Switzerland · [Series C startup](https://millionrounds.com/companies)

# Who invested in *WayRay*

2 rounds we have observed, with the 7 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

VR & AR

Valuation: $500M, Oct 2024

Funding summary Updated 26 Oct 2026

**$98M** raised across 2 rounds since 2017, from 2 sources

**$18M** Series B **$80M** Series C

- **Latest round:** Series C, $80M Sept 2018
- **Step-up i:** 4.4×
- **Investors:** 7

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2018

**$18M** Series B

**$80M** Series C

- **First round:** Series B, $18M
- **Biggest round:** $80M
- **Between rounds:** 18 months

[**WayRay** Ar/vr 1 / 15 Their pitch deck **WayRay's pitch deck, 15 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/wayray)

## The rounds

- **Sept 2018** Series C **$80M** *5 new* [Alibaba Group](https://millionrounds.com/fund/alibaba-group) [Porsche](https://millionrounds.com/fund/porsche) [JVCKenwood](https://millionrounds.com/fund/jvckenwood) China Merchants Capital/ Hyundai Motor Consortium of Sovereign Wealth Funds Reported by FinSMEs
- **Mar 2017** Series B **$18M** *2 new* [Alibaba](https://millionrounds.com/fund/alibaba) [SAIC Motor](https://millionrounds.com/fund/saic-motor) Reported by FinSMEs

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series B** 2017 **Series C** 2018 [Alibaba Group](https://millionrounds.com/fund/alibaba-group) [Alibaba](https://millionrounds.com/fund/alibaba) [Porsche](https://millionrounds.com/fund/porsche) [SAIC Motor](https://millionrounds.com/fund/saic-motor) [JVCKenwood](https://millionrounds.com/fund/jvckenwood) China Merchants Capital/ Hyundai Motor Consortium of Sovereign Wealth Funds

## Everyone who backed them

[Alibaba Group](https://millionrounds.com/fund/alibaba-group) Corporate VC **1** round

[Alibaba](https://millionrounds.com/fund/alibaba) Growth equity **1** round

[Porsche](https://millionrounds.com/fund/porsche) Corporate VC **1** round

[SAIC Motor](https://millionrounds.com/fund/saic-motor) Corporate VC **1** round

[JVCKenwood](https://millionrounds.com/fund/jvckenwood) Corporate VC **1** round

China Merchants Capital/ Hyundai Motor no record of our own yet **1** round

Consortium of Sovereign Wealth Funds no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=wayray).

## Quick answers about WayRay

### Who invested in WayRay?

WayRay's investors include Alibaba Group, Alibaba, Porsche, SAIC Motor and JVCKenwood, and 2 more on record.

### How much has WayRay raised?

WayRay has raised $98M across 2 rounds since 2017.

### When did WayRay last raise?

WayRay's most recent round was a Series C of $80M in Sept 2018.

### What was WayRay's biggest round?

Its most recent round, $80M in Sept 2018, is also its largest on record.

### Who backed WayRay first?

WayRay's first round on record, in Mar 2017, was backed by Alibaba and SAIC Motor.

### What stage is WayRay at?

WayRay's latest named round is a Series C, in Sept 2018.

### Where is WayRay based?

WayRay is based in Switzerland.

## Companies like WayRay

In the same sector, and raised in the last eighteen months.

[**XRHealth** $23M · Sept 2026](https://millionrounds.com/company/xrhealth)[**Provision Surgical** $250K · Sept 2026](https://millionrounds.com/company/provision-surgical)[**Virtualitics** $36M · Sept 2026](https://millionrounds.com/company/virtualitics)[**KIT-AR** $9.7M · Aug 2026](https://millionrounds.com/company/kit-ar)[**Avatar Robotics** $6.5M · Aug 2026](https://millionrounds.com/company/avatar-robotics)[**Tap Systems** $71K · Jul 2026](https://millionrounds.com/company/tap-systems)

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