Thursday, February 22, 2024
HomeFunding Austrian Startup Hololight Secures $12Million in Funding

[Funding alert] Austrian Startup Hololight Secures $12Million in Funding

Austrian startup Hololight secures $12million in funding accelerate the development of its XR streaming platform. The new investment will help to grow and expand the XR streaming platform, helping companies to build future-proof XR infrastructures and promote new forms of collaboration and digital workflows in 3D.

Austrian startup Hololight secures $12million in funding accelerate the development of its XR streaming platform. The new investment will help to grow and expand the XR streaming platform, helping companies to build future-proof XR infrastructures and promote new forms of collaboration and digital workflows in 3D.

With the new investment, Hololight will accelerate the onboarding of customers across its key verticals automotive, aerospace, mechanical engineering and many more.

Read also –  Eindhoven-based CityLegends Secures €1Million in Seed Funding

The funding has been led by European growth equity firm Flatz Hoffmann, with other key contributors including existing investors EnBW New Ventures, Bayern Kapital, and Future Energy Ventures.

According to Hololight CEO Florian Haspinger said, “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, it is our vision to stream any XR app on Hololight Hub to help enterprises break down the barriers to capitalizing on 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. 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.”

Christopher Hoffmann, Partner at Flatz Hoffmann, emphasized: “Our strategy is to identify emerging European champions with ambitions for technology leadership and resource efficiency. Hololight is a perfect fit, competing successfully in the global XR market and shaping the industry with Hololight Hub. We are also highly impressed by Hololight’s inclusive management culture and strategic resilience in building a leader in spatial computing. Flatz Hoffmann looks forward to supporting the team as it scales from venture to growth.”

Marc Umber, Head of Investment Team at EnBW New Ventures, added: “We believe that this strong team and its groundbreaking technology have already begun to change the way we work in the future when it comes to industrial design, construction, engineering, services and quality assurance. The team has created something truly spectacular for industrial use cases. With the increasing penetration of next-generation mobile networks, XR streaming will also change the way we interact with our environment in our daily lives. Hololight has grown remarkably over the past few years, which is a testament to the trust and credibility they’ve built with their customers and partners, and we share that confidence without reservation.”

About Hololight

Hololight was founded in 2015 by CEO Florian Haspinger, CTO Alexander Werlberger, COO Susanne Haspinger, and CMO Luis Bollinger. The company currently serves more than 150 customers, including major accounts such as BMW, Nokia, and Engie, as well as a number of leading global aerospace and defense clients.

Read also – Madrid-based Cüimo Secures €900k in Funding

Hololight is also a trusted partner to key industry players such as Amazon Web Services, Qualcomm, Nvidia, and Verizon, amongst others.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular