KIT-AR secures €2m in seed funding to expand its augmented worker platform.
Armilar Venture Partners and Caixa Capital Risc co-led the seed round to support the company expansion.
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.
Augmented worker platform KIT-AR has secured €2m in a seed funding round. The financing was co-led by Armilar Venture Partners and Caixa Capital Risc, with contributions from RKKVC, Techtreefund, Sintef Venture V and BestHorizon. The company intends to use the capital to advance its position as a reference platform for manufacturing workers. KIT-AR combines augmented reality and artificial intelligence to support frontline industrial staff.
From the founder
"We are driven to enhance workers in such a way that they can do their work right every time, all the time."
Manuel Oliveira
CEO at KIT-AR
Investor perspective
"SINTEF has an extensive track record of research in manufacturing technologies and processes. When the opportunity came to couple this knowledge with game development from HighSkillz (UK) and research-based understanding of the application of augmented reality from UCL in London (UK), we saw that this could be a game changer."
Inge Gangas
Investment Director, Sintef Venture V
Investors
Armilar Venture Partners
David Sola
Caixa Capital Risc
RKKVC
Techtreefund
Inge Gangas
Sintef Venture V
BestHorizon
