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AR Acquires $ 9.7 Million to Expand its Advanced Augmented Reality Platform Platform Next Reality



As the tech industry giants and eager startups pursue the dream of widespread consumer augmented reality, AR is living the dream today.

Now based on today's investment return on future potential, company AR platform maker Scope AR has completed a $ 9.7 million Series A round of financing.

Image by Scope AR / YouTube

The financing will allow the company to increase the reach of its Enterprise AR Products, such as the WorkLink hands-free workflow platform and the AR AR telepresence solution, Remote AR, for mobile devices and AR headsets such as HoloLens.

"AR is becoming an important tool for sharing knowledge in heavy industry, allowing employees to intuitively retrieve the information they need, when needed," said Scott Montgomerie, CEO and co-founder from Scope AR. "We are delighted to support our new and existing investors to accelerate our growth and development during a pivotal turnaround in the marketplace, once again underscoring that Enterprise AR is a leading driver in the mixed reality, thanks to its impressive ROI a growing list of use cases that the technology enables. "

According to the company, some of the brands that achieve efficiencies and cost savings through Scope AR's WorkLink and Remote AR products are Lockheed Martin and Unilever . With Remote AR, Unilever reduces downtime by 50%, and Lockheed Martin reports that total training time has been reduced by 85%, according to Scope AR.

The company has now raised a total of $ 15.8 million in capital. Romulus Capital led the recent round. Existing investors SignalFire, Susa Ventures, Haystack, New Stack Ventures, North American Corporation and Angel List also participated. In addition, Krishna Gupta, founder and managing partner of Romulus Capital, and Wayne Hu, managing director of SignalFire, will sit on Scope AR's board of directors.

"Companies now realize that AR and other agile enterprise remote software solutions can be the answer to many of the operational challenges they've always faced – from closing the growing skills gap to reducing downtime," Gupta said.

"With Scope AR Product Leadership and Vision, they are at the forefront of the industry. We face these challenges with tools that enable employees to instantly access critical information to resolve operational issues in an agile and accurate manner We're excited about their product roadmap and their growth opportunities as we work with some of the largest companies in Berlin to work closely with the world. "

Sure, the potential for entertainment and games through consumer smartphones powered by Apple, Google, Snapchat, Facebook and Magic were planned The leap is sexier than the business-oriented AR. Just as the PC and smartphone began as business tools, AR seems to have to earn its stripes in the office and in the factory floor before it gets rich in-house.


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