Austrian startup Hololight secures €10.9M to develop its XR streaming platform

Innsbruck-based AR and VR solutions developer Hololight has secured €10.9 million in funding to accelerate the development of its XR streaming platform, Hololight Hub. Flatz Hoffmann, EnBW New Ventures, Bayern Kapital, and Future Energy Ventures participated in the round, EU-Startups reports.

• Hololight was founded in 2015 by Florian Haspinger, Alexander Werlberger, Susanne Haspinger, and Luis Bollinger. The company develops a pioneering XR streaming platform, Hololight Hub, which revolutionizes the XR experience by amplifying quality, access, and security of immersive content while simplifying management and deployment.
• The company currently serves more than 150 customers, including major companies such as BMW, Nokia, and Engie, as well as several global aerospace and defense clients. Hololight is also a partner to key industry players like Amazon Web Services, Qualcomm, Nvidia, and Verizon.
• The fresh funds will help Hololight to grow and expand the platform, as well as accelerate the onboarding of customers across its key verticals automotive, aerospace, mechanical engineering, etc.

Who invested

• European growth equity investor Flatz Hoffmann is the lead investor in Hololight. The equity firm backs experienced management teams that harness business and technology solutions to drive substantial environmental impact. 
• German-based venture capital firms EnBW New Ventures, Bayern Kapital, and Future Energy Ventures participated in the round as existing investors.