KIT-AR raised €3.3 million in funding to accelerate growth in augmented reality solutions for the manufacturing sector.
Information on the Target
KIT-AR is an innovative augmented worker platform aimed at transforming the manufacturing industry by minimizing production errors through advanced technology. Headquartered in London, UK and Portugal, KIT-AR leverages augmented reality, artificial intelligence, and process mining to enhance quality control in automotive and aerospace manufacturing, effectively addressing the pervasive issue of poor quality costs.
With a strong emphasis on sustainability, KIT-AR's mission is to not only improve manufacturing efficiency but also to contribute to broader environmental and societal goals. The company's unique approach has garnered considerable recognition through prestigious accelerators and partnerships, solidifying its standing as a key player in the industrial innovation space.
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Industry Overview in Portugal
Portugal's manufacturing sector is undergoing a significant transformation as it embraces digitalization and advanced technologies to enhance operational efficiency. The growing cost pressures and need for precision have comp
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Disclosed details
Transaction Size: $3M