Hololight has secured $12 million in funding to enhance its XR streaming platform, Hololight Hub, as it aims to expand its presence in the enterprise market and accelerate customer onboarding across various sectors.
Information on the Target
Hololight, based in Durham, North Carolina, and Innsbruck, Austria, is a pioneering company specializing in augmented reality (AR) and virtual reality (VR) solutions for the enterprise market. Founded in 2015, Hololight has established itself as the leading provider of XR (extended reality) streaming technology. The company’s flagship product, Hololight Hub, is the only robust enterprise-grade platform for XR applications, enabling companies to integrate immersive technologies into their operations effectively.
In the past three years, Hololight has experienced remarkable growth, expanding its customer base to over 150 clients, including industry giants such as BMW, Nokia, and Engie. The recent $12 million funding round aims to fuel further advancements in Hololight Hub, facilitating its deployment in various sectors, including automotive, aerospace, and mechanical engineering.
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Industry Overview in the Target's Specific Country
The demand for XR solutions is experiencing rapid expansion, particularly in the United States, driven by an increasing focus on digital transformation across industries. With the advent of spatial computing, compani
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Disclosed details
Transaction Size: $12M