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Home / Tips and Tricks / Area AR Snags $ 9.7 million to expand its business-enhanced platform for reality «Next reality

Area AR Snags $ 9.7 million to expand its business-enhanced platform for reality «Next reality



While the industry's giants and eagerly begin to pull after the dream of the widespread consumer-heightened reality, companies are living the AR today.

Now ride on the strength of today's return on investment over future potential, the company AR platform manufacturer Scope AR has closed $ 9.7 million Series A funding round.

Image of scope AR / YouTube

Funding enables the company to extend the reach of its corporate AR products, such as hands-free workflow platform WorkLink and AR telepresence solution Remote AR, for mobile devices and AR headsets such as HoloLens.

"AR becomes an important tool for how knowledge is shared within heavy industry, allows workers to get the information they need when they need it intuitively," said Scott Montgomerie, CEO and co-founder of Scope AR, in a statement. We are proud to have the support of our new and existing investors to accelerate our growth and development during a crucial inflection point on the market. It emphasizes once again that the company AR is a leading driver in mixed reality thanks to the impressive return and growing list of use cases that technology enables. "

According to the company, some of the brands that realize efficiency gains and cost savings from Scope AR's WorkLink and Remote AR products are Lockheed Martin and Unilever. With Remote AR, Unilever claims 50% downtime cuts and Lockheed Martin reports it has declined. the total training time by 85% according to Scope AR.

The company has now raised a total of $ 15.8 million in capital Romulus Capital led the latest round, with existing investors SignalFire, Susa Ventures, Haystack, New Stack Ventures, North America Corporation and Angel List also participates. In addition, Krishna Gupta, founder and head of Romulus Capital, and Wayne Hu, CEO of SignalFire, will take the place of the Board that oversees Scope AR.

"Companies now realize the use of AR and other flexible, remote-controlled software solutions can be the answer to many operational challenges that they have always encountered – from closing the growing skills gap to my downtime, Gupta says.

"Scope AR's product leadership and vision have put them at the forefront of the industry, addressing these challenges with tools that provide workers with direct access to critical information that helps solve operational problems smoothly and correctly. We are delighted with their product map and Growth Opportunities When Working Closer With Some of the Biggest Companies in the World. "

Certainly, the potential for entertainment and gaming through consumer-grade smart glasses planned by Apple, Google, Snapchat, Facebook and Magic Language is sexier than corporate-focused AR. But just like the computer and the smartphone started out as business tools, it seems that AR must serve its stripes in the office and on the factory floor before it hits it richly in the home.


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