Holo-Light Receives €4M Series A Financing
EnBW New Ventures GmbH, Bayern Kapital GmbH, Toprope Ventures GmbH and existing investor innogy Innovation Hub have announced a 4 million € (4.4 million US dollars) investment in Augmented Reality startup Holo-Light.
“Together with our team of investors, we have created an excellent basis for Holo-Light’s further growth enabling the development of our sales structure and scalability of the product. This investment underlines the trust of customers, partners and investors in our team and our technology,” says Holo-Light CEO and co-founder Florian Haspinger.
Industrial Data in Augmented Reality Optimizes Engineering Processes
Since 2015 Holo-Light has been successfully developing software for customers in industrial sectors such as mechanical engineering and the automotive industry redefining processes such as prototyping and factory planning. Using the augmented reality software Holo-View and the input device Holo-Stylus, engineers can design, create, edit, optimize and share industrial 3D content in an Augmented Reality workspace.
The lead investor in this new financing round is EnBW New Ventures GmbH. Senior Investment Manager Dr. Marc Umber highlights the main reasons for the investment in Holo-Light:
“We assume that the market for AR software has reached the maturity level for industrial applications and see Holo-Light as the ideal combination of high-performance technology and a competent team. We were also convinced by the positive feedback from customers and partners from the market.”Dr. Marc Umber, Senior Investment Manager, EnBW New Ventures GmbH
The company with its international customer base was founded in Tyrol, is headquartered in Innsbruck and has an office in Ismaning near Munich. The economic area of Bavaria with its numerous industrial companies is a good location for a young company that plans to position itself globally in the coming years.
“Holo-Light is an up-and-coming high-tech company that has chosen Bavaria as its location because of its ideal infrastructure, excellent opportunities for networking and global standing.”Dr. Georg Ried, Managing Director of Bayern Kapital
“Holo-Light’s augmented and mixed reality technology takes us an important step closer to the digitisation of industrial processes in a wide range of industries. We are excited to continue supporting Florian Haspinger and the team on their way to continuously develop their business.”Matthias Engel, Managing Director, innogy Ventures GmbH, the venture capital investment arm of innogy Innovation Hub
Holo-Light has comprehensively updated its software to ensure compatibility with Microsoft’s HoloLens 2, taking the solution to the next level for productive and scalable use in engineering.