Hololight – a leading specialist in AR and VR solutions for the enterprise market – recently announced it has secured a further $12 million in funding to accelerate the development of its XR streaming platform, Hololight Hub. And as the only proven enterprise streaming platform on the market for immersive applications, including virtual and augmented reality (XR), Hololight has set the benchmark in XR streaming, having pioneered the technology since 2015.
This funding round was led by European growth equity investor Flatz Hoffmann, with other key contributors including existing investors EnBW New Ventures, Bayern Kapital, and Future Energy Ventures. Following the company’s Series A investment in December 2021, the new $12 million investment brings the company’s total investment funding to $27 million.
XR streaming addresses significant challenges surrounding industrial applications and the unique computing, data, and security challenges of these environments. And by streaming entire AR or VR applications across local servers and the cloud, Hololight Hub revolutionizes the XR experience by amplifying the quality, access, and security of immersive content while simplifying management and deployment.
Hololight is currently serving more than 150 customers, including major accounts such as BMW, Nokia, and Engie, as well as several leading global aerospace and defense clients. And Hololight is also a trusted partner to key industry players such as Amazon Web Services, Qualcomm, Nvidia, and Verizon.
KEY QUOTE:
“It is our vision to stream any XR app on Hololight Hub to help enterprises break down the barriers to capitalizing on immersive technologies. The addition of Flatz Hoffmann as a visionary investor to the board underscores the expansion of our trajectory, and the steadfast support of our existing investors demonstrates their confidence in the progress they’ve seen at Hololight and the future of enterprise XR.”
— Hololight CEO Florian Haspinger
