In the high-tech city of Innsbruck, a new chapter in extended reality (XR) is being written by Hololight, a trailblazer in AR and VR solutions for the business world. The company has recently announced a significant boost in funding, securing €10.9 million to supercharge the development of its groundbreaking XR streaming platform, Hololight Hub. This infusion of capital, led by the European growth equity investor Flatz Hoffmann, along with contributions from existing investors like EnBW New Ventures, Bayern Kapital, and Future Energy Ventures, has elevated Hololight’s total investment to an impressive €24.6 million.
Setting the Pace in XR Streaming
Since its inception in 2015, Hololight has been at the forefront of XR technology. The Hololight Hub stands as the only proven enterprise streaming platform in the market, catering to immersive applications in both virtual and augmented reality. This latest round of funding is set to expand and enhance the capabilities of Hololight Hub, making it a game-changer for businesses looking to harness XR for improving their industrial processes, including product development, manufacturing, training, and services.
Empowering Enterprises with Future-Proof XR Infrastructure
Hololight’s mission with this new funding is clear: to aid companies in building robust XR infrastructures and to promote innovative forms of collaboration and digital workflows in 3D. The focus is on accelerating customer onboarding across various sectors, such as automotive, aerospace, and mechanical engineering, showcasing the versatility and broad applicability of Hololight’s technology.
A Story of Innovation and Growth
Hololight, founded by CEO Florian Haspinger, CTO Alexander Werlberger, COO Susanne Haspinger, and CMO Luis Bollinger, has rapidly grown to serve over 150 customers, including heavyweights like BMW, Nokia, and Engie. The company’s reputation as a reliable partner extends to collaborations with industry giants such as Amazon Web Services, Qualcomm, Nvidia, and Verizon.
Global Expansion on the Horizon
With this new investment, Hololight is not just looking to enhance its product offerings but is also eyeing further global expansion. CEO Florian Haspinger has emphasized the company’s vision to streamline any XR app on the Hololight Hub, aiming to break down barriers and democratize access to immersive technologies. This vision includes improving data security, infrastructure flexibility, high-fidelity XR experiences, and global availability—all in a cost-effective manner. The opening of a new US office in Durham’s Triangle technology hub in 2022 marks the beginning of this expansion.
Revolutionizing the XR Experience
Hololight’s proprietary streaming technology, which forms the backbone of its platform, is a solution to the significant challenges faced in industrial applications, addressing computing, data, and security needs. By streaming entire AR or VR applications across local servers and the cloud, Hololight Hub is redefining the XR experience, enhancing quality, access, and security while simplifying management and deployment.
Backing from Industry Leaders
Christopher Hoffmann, Partner at Flatz Hoffmann, expressed enthusiasm about investing in Hololight, citing their potential to become a European leader in the XR market. Marc Umber, Head of Investment Team at EnBW New Ventures, also praised Hololight’s groundbreaking technology and its transformative impact on industrial design, construction, engineering, and services.
A Leap Towards an XR-Driven Future
Hololight’s latest funding round is more than just a financial milestone—it represents a leap towards an XR-driven future in industrial and everyday applications. With its innovative technology and strategic partnerships, Hololight is well-positioned to lead the charge in the burgeoning field of spatial computing.
