Today Austrian extended reality (XR) for enterprise startup Hololight announced it has secured a further $12 million in funding to accelerate the development of its XR streaming platform, Hololight Hub.
Founded in 2015, the company is the only proven enterprise streaming platform for immersive applications. It serves over 150 customers, including virtual and augmented reality, helping enterprises in verticals such as automotive, aerospace, and mechanical engineering use XR to improve their industrial processes in product development, manufacturing, training, and service.
The funding has been led by European growth equity investor Flatz Hoffmann, with existing investors EnBW New Ventures, Bayern Kapital, and Future Energy Ventures. Following from Series A investment in December 2021, the new investment brings the company's total investment funding to $27 million.
The new investment will help to grow and expand the XR streaming platform and promote new forms of collaboration and digital workflows in 3D.
According to Hololight CEO Florian Haspinger, the investment will also see further global expansion, helping to fast-track further US growth after the opening of the company's new US office in 2022 in Durham's Triangle technology hub:
"As the pioneers of enterprise XR streaming, our vision is to stream any XR app on Hololight Hub to help enterprises break down the barriers to capcapitalising immersive technologies.
XR streaming is helping these companies to achieve improved data security, infrastructure flexibility, high-fidelity XR experiences, and global availability across their XR initiatives - all in a highly cost-effective way. "
Christopher Hoffmann, Partner at Flatz Hoffmann, emphasised:
"Our strategy is to invest in emerging European champions with ambitions for technology leadership and resource efficiency. Hololight fits the bill perfectly, competing successfully in the global XR market and shaping the industry with Hololight Hub."
Lead image via Hololight. Photo: Uncredited.