[3] In October 2013, WayRay took the prize at the Intel Global Challenge, UC Berkeley, California, and the following month got shortlisted as a finalist at Slush, a startup competition in Helsinki, Finland.

[4][5] In November 2017, at the LA Auto Show, WayRay was selected as the grand prize winner of the 2017 Top Ten Automotive Startups Competition.

[8][9][10] Later in 2018, VentureBeat named the company one of “7 promising tech startups shaking up the auto industry.”[11] Initial capital of WayRay was 300,000 USD of personal and borrowed funds of the founder, which was aimed at designing electronics and developing a chemical formula of the film, later ordered at DuPont.

Also at CES, WayRay demonstrated its development platform True AR SDK, which was created to allow others to build augmented reality apps for automobiles.

[24][25][26][27][28] Banma Technologies, a joint venture between Alibaba Group and Chinese auto concern SAIC Motor, was a WayRay's partner which worked with carmakers on its behalf.

[29] At Startup Autobahn 2018, Europe's largest innovation platform initiated by Daimler AG and Plug and Play, WayRay announced its joint pilot project with the German automobile manufacturer Porsche and took home the People's Choice Award and the prize in the AR/VR category.