This week, Hololight, a company that offers augmented and virtual reality (AR/VR) solutions to the business market, said that it had raised an additional $12 million to speed up the development of Hololight Hub, its XR streaming platform.
Leading the fundraising round was the European growth equity firm Flatz Hoffmann, with Future Energy Ventures, Bayern Kapital, and EnBW New Ventures, among other important donors. With this latest investment of $12 million, the company’s total investment funding now stands at $27 million, following the Series A investment made in December 2021.
Hololight offers a corporate streaming platform for immersive applications, such as augmented and virtual reality (XR), which enables the deployment of XR apps with ease and worldwide availability. Through the installation of XR infrastructures, the company’s Hololight Hub solution for enterprises assists companies and organizations in optimizing their industrial processes in product development, manufacturing, training, or service.
According to Hololight, the additional funding would enable the firm to speed client onboarding across its major verticals, which include mechanical engineering, aerospace, automotive, and many more, as well as assist grow and expand its Hololight Hub XR streaming platform.
