Augmented employee platform KIT-AR closes €3.3M in funding

February 27, 2024 – KIT-AR, a supplier of an augmented employee platform for the manufacturing trade, has this week introduced the completion of a EUR €3.3 million funding spherical, co-led by 3XP International and Blue Crow Capital, together with follow-on funding from Sintef Enterprise V, Standards Enterprise Tech and Armilar Enterprise Companions (by its NOS 5G Fund and TechTransfer fund).

“KIT-AR’s founders deliver not solely experience in unlocking the total potential of Augmented Actuality instruments but in addition a confirmed and strong market method. Collectively, we’re dedicated to a sustainable path that generates vital worth for all stakeholders” said Miguel Lemos, companion of 3xP International.

In line with KIT-AR, the funding spherical will assist the corporate to speed up its development globally, scale its workforce and advance its imaginative and prescient to grow to be the definitive platform for augmented staff within the manufacturing trade.

Commenting on the announcement, Manuel Oliveira, CEO of KIT-AR, mentioned: “On a regular basis, industrial manufacturers the world over are realizing that decreasing human errors is just not solely a persistent aggressive benefit, however important to keep away from unmitigated prices. Our platform presents these manufacturers the chance to nearly eradicate these errors, mitigating probably severe repercussions on their enterprise.”

KIT-AR’s platform helps industrial workflows by serving to to reduce errors and optimize useful resource utilization by the usage of augmented actuality. The corporate’s patented expertise allows manufacturing enterprises to facilitate the digitalisation of human-centered store flooring.

“What excites us about KIT-AR is how they apply cutting-edge augmented actuality on to the manufacturing flooring, tackling on a regular basis challenges with progressive options. Their method brings tangible enhancements to effectivity and workflow readability, demonstrating the real-world affect of their options,” mentioned Antonio de Mello Campello, companion of BlueCrow Capital.

KIT-AR’s CEO continued: “Our workforce, with its robust analysis DNA and expertise to innovate, will proceed to ship a plethora of causes for producers to undertake a extra environment friendly, sustainable and human-centric method in direction of manufacturing. That is additional enhanced by our strategic partnerships with PWC Portugal and the largest communications and leisure group in Portugal, NOS, which is able to strengthen our attain and worth to the manufacturing market, in Portugal and past.”

For extra info on KIT-AR and its augmented actuality options for staff within the manufacturing trade, please go to the corporate’s website.

Picture credit score: KIT-AR