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November 29, 2023

Hololight Secures $12M to Boost AR and VR Innovation in the Enterprise

In the dazzling world of AR, businesses don of innovation, seamlessly merging digital wonders with real-world canvas

Step into the captivating world of Augmented Reality (AR) and Virtual Reality (VR), where innovation knows no bounds, transforming the very fabric of enterprise landscapes. AR, the maestro of blending digital wonders into the real-world tapestry, is orchestrating a symphony of enhanced productivity and efficiency. Austrian startup Hololight is at the forefront of this revolution, recently bagging a substantial $12 million in funding led by European growth equity investor Flatz Hoffmann. As we dive into the immersive realm of Hololight, the investment not only propels the company into new heights but also signifies a paradigm shift in AR and VR enterprise solutions.

Hololight's pièce de résistance is the XR streaming platform, Hololight Hub. Born in 2015 and nurtured by the visionaries Florian Haspinger, Alexander Werlberger, Susanne Haspinger, and Luis Bollinger, this platform serves as a technological marvel, empowering companies to construct future-proof XR infrastructure. The funding injection, soaring the total investment to $27 million, aims to accelerate the development of Hololight Hub. This platform not only fosters new forms of collaboration but also unleashes digital workflows in three-dimensional splendor. From automotive to aerospace, and mechanical engineering, Hololight Hub is set to reshape how industries collaborate and innovate.

Hololight's ambitions extend beyond the digital tapestry. With the freshly acquired funds, the company is set to expedite its global expansion, catalyzing further growth in the United States. Building on the momentum from the opening of its new US office in 2022, nestled in the vibrant Triangle technology hub in Durham, North Carolina, Hololight is poised to leave an indelible mark on the XR landscape.

Hololight's latest funding coup not only fuels the evolution of its XR streaming platform but also underscores the unwavering momentum in AR and VR enterprise solutions. The infusion of $12 million, led by Flatz Hoffmann, propels Hololight into a new chapter of innovation and collaboration. As the company accelerates its global expansion and fortifies its presence in the United States, the transformative potential of AR and VR technologies in reshaping industries takes center stage. With a client base including automotive titan BMW and partnerships with industry leaders like Amazon Web Services and Qualcomm, Hololight is not just a startup; it's a visionary force propelling us into a future where the lines between reality and digital marvels continue to blur.

Josefina Dipaolo
Josefina Dipaolo
Content writer at TechNews180
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