Hololight secures $12M to develop its XR streaming platform

November 30, 2023 – Hololight, a supplier of augmented and digital actuality (AR/VR) options for the enterprise market, has this week introduced that it has secured an additional USD $12 million in funding to speed up the event of its XR streaming platform, Hololight Hub.

The funding spherical was led by European development fairness agency Flatz Hoffmann, with different key contributors together with current traders EnBW New Ventures, Bayern Kapital, and Future Vitality Ventures. Following on from the corporate’s Collection A funding in December 2021, the brand new USD $12 million funding brings the corporate’s complete funding funding to USD $27 million.

Hololight offers an enterprise streaming platform for immersive functions together with digital and augmented actuality (collectively known as XR) that permits for the worldwide availability and straightforward deployment of XR functions. The corporate’s Hololight Hub resolution for enterprises helps companies and organizations to enhance their industrial processes in product improvement, manufacturing, coaching, or service via the implementation of XR infrastructures.

Hololight acknowledged that the brand new funding will assist to develop and increase its Hololight Hub XR streaming platform, in addition to allow the corporate to speed up the onboarding of shoppers throughout its key verticals automotive, aerospace, mechanical engineering and plenty of extra.

In line with Hololight, XR streaming solves main challenges surrounding industrial functions and addresses the distinctive computing, information, and safety challenges of those environments. Hololight acknowledged that it has spent years perfecting its proprietary streaming know-how, which is now the spine of its enterprise-grade streaming platform, Hololight Hub. The platform permits for the streaming of AR or VR functions throughout native servers and the cloud.

Commenting on the funding announcement, Hololight CEO Florian Haspinger mentioned: “Because the pioneers of enterprise XR streaming, it’s our imaginative and prescient to stream any XR app on Hololight Hub to assist enterprises break down the boundaries to capitalizing on immersive applied sciences. XR streaming helps these firms to realize improved information safety, infrastructure flexibility, high-fidelity XR experiences, and international availability throughout their XR initiatives – all in a extremely value efficient method.”

Marc Umber, Head of Funding Group at EnBW New Ventures, added: “We imagine that this robust crew and its groundbreaking know-how have already begun to alter the best way we work sooner or later with regards to industrial design, development, engineering, providers and high quality assurance. The crew has created one thing actually spectacular for industrial use instances. With the growing penetration of next-generation cell networks, XR streaming may even change the best way we work together with our surroundings in our each day lives.”

Hololight acknowledged that it at the moment serves greater than 150 prospects, together with main accounts reminiscent of BMW, Nokia, and Engie, in addition to quite a lot of international aerospace and protection shoppers. The corporate can be a companion to firms reminiscent of Amazon Net Providers, Qualcomm, Nvidia, and Verizon, amongst others.

For extra data on Hololight and its Hololight Hub XR streaming platform, please go to the corporate’s website.

Picture credit score: Hololight