Hololight raises $12M for XR streaming software

28.11.2023 - 09:57 / venturebeat.com

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Hololight, a software maker focused on AR and VR enterprise solutions, has raised $12 million in funding to expedite the development of its XR streaming platform, Hololight Hub.

The investment aims to propel the Hololight’s XR streaming technology empowers enterprises across various sectors, including product development, manufacturing, training, and service industries.

The Hololight Hub, an enterprise streaming platform, caters to immersive applications such as virtual reality and augmented reality. Helping to enable global availability and easy deployment of XR applications, Hololight Hub has proven to empower enterprises as they use XR to improve their industrial processes.

“We went directly to industry customers as we were coming from the industry,” Susanne Haspinger, chief operating officer, said in an interview with VentureBeat. “We knew that we could speak their language. And by working with them, we figured out the problems, like not having enough processing power or how hard it was to integrate security when dealing with sensitive data on mobile devices. We just thought we can solve all these issues by streaming and putting everything on the server, leaving your secure data safe.”

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The latest funding, spearheaded by European growth equity firm Flatz Hoffmann, along with support from existing investors EnBW New Ventures, Bayern Kapital, and Future Energy Ventures, propels Hololight’s total investment to $27 million.

This strategic investment aims to fuel the expansion of XR streaming capabilities, facilitating future-proof XR infrastructures and fostering innovative collaborations and digital workflows in three-dimensional spaces.

The Hololight Hub can streamline global deployment of XR applications, addressing the unique challenges in industrial environments related to computing, data, and security. The platform achieves this by streaming entire AR or VR applications across local servers and the cloud, enhancing content quality, accessibility, security, and management while simplifying deployment.

Hololight was founded by Florian Haspinger, Alexander Werlberger, Susanne Haspinger, and Luis Bollinger. Susanne Haspinger said that Werlberger came running over to them one day in college and showed them a story on a tablet about Microsoft’s HoloLens technology.

“We always wanted to do something together, but we never really knew what until HoloLens came out,” she said. “We saw how much 3D data