Farukh Kitchlew | Feb 19, 2024 | 0
Hololight secures $12 Million in funding
Hololight, a top provider of AR and VR solutions for businesses, has secured an additional $12 million in funding. This investment aims to speed up the development of their XR streaming platform, Hololight Hub. The funding comes primarily from Flatz Hoffmann, a European growth equity investor, along with contributions from existing investors like EnBW New Ventures, Bayern Kapital, and Future Energy Ventures. With this recent investment, totaling $27 million including the Series A funding from December 2021, Hololight is poised for further development and expansion.
Hololight stands out as the sole established enterprise streaming platform for immersive applications like virtual and augmented reality (XR). Pioneering this technology since 2015, Hololight has set the standard in XR streaming. Hololight serves over 150 customers, including major names like BMW, Nokia, Engie, and key aerospace and defense clients globally. The company is a trusted partner for industry leaders such as Amazon Web Services, Qualcomm, Nvidia, and Verizon.
With the recent $12 million in funding, Hololight plans to expand globally, accelerating its growth in the US after establishing a new office in Durham’s Triangle technology hub in 2022, as mentioned by Hololight CEO Florian Haspinger:
“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.”
XR streaming tackles significant challenges in industrial applications, addressing specific issues related to computing, data, and security in these environments. Hololight Hub transforms the XR experience by streaming complete AR or VR applications across local servers and the cloud. This innovation enhances the quality, accessibility, and security of immersive content while streamlining its management and deployment.