KIT-AR raises £2.8m in seed follow-on funding co-led by 3XP Global and Blue Crow Capital to accelerate global growth.
The funding round was co-led by 3XP Global and Blue Crow Capital to support team expansion and international scaling.
KIT-AR operates an augmented worker platform designed to reduce production errors in the manufacturing sector. The company combines augmented reality, artificial intelligence and process mining to assist industrial shopfloors.
KIT-AR has secured £2.8m in a seed follow-on funding round co-led by 3XP Global and Blue Crow Capital. The capital injection includes participation from Sintef Venture V, Criteria Venture Tech and Armilar Venture Partners. The company plans to direct the new capital towards expanding its team and accelerating global growth.
The London-headquartered platform leverages advanced technologies to help manufacturing enterprises eliminate human errors on the shopfloor. This latest backing follows previous selections by various acceleration programmes as the firm works to scale its international presence.
From the founder
"Everyday, industrial brands across the world are realizing that reducing human errors is not only a persistent competitive advantage, but essential to avoid unmitigated costs."
Manuel Oliveira
CEO at KIT-AR
Investor perspective
"KIT-AR supports industries minimizing errors and optimizing resource utilization, being therefore, fully aligned with 3xP Global’s objectives. KIT-AR’s founders bring not only expertise in unlocking the full potential of Augmented Reality tools but also a proven and robust market approach. Together, we are committed to a sustainable path that generates significant value for all stakeholders"
Miguel Lemos
partner, 3XP Global
Use of funds
- 01Grow the team
- 02Expand into international markets
Investors
Miguel Lemos
3XP Global
Antonio Campello
Blue Crow Capital
Sintef Venture V
Criteria Venture Tech
Armilar Venture Partners
