Austrian DeepTech Startup Hololight Raises €10 Million for XR Innovation

• Hololight raises €10 million to enhance its XR pixel-streaming technology.
• The funding round is led by Cipio Partners with support from existing investors.
• Hololight aims to make AR/VR applications as easy to access as Netflix.

Hololight’s Vision: Making XR as Accessible as Streaming

Austrian DeepTech startup Hololight has landed a significant €10 million investment aimed at propelling its innovative AR/VR pixel-streaming technology onto the global stage. Based in Innsbruck, the company has lofty ambitions – to make accessing AR and VR applications as easy as it is to stream a movie on Netflix. The latest funding round, primarily led by the European growth fund Cipio Partners, also saw contributions from existing investors such as Bayern Kapital and EnBW New Ventures, affirming confidence in Hololight’s trajectory.

Transforming the Landscape of AR/VR Devices

Founded back in 2015, Hololight has carved a niche by serving as the “technical bridge” between XR applications and XR devices. Its proprietary technology enables pixel-streaming of applications from either cloud or on-premises infrastructure, tackling issues like device restrictions and performance hurdles. This innovative approach not only boosts scalability for AR/VR applications but also enhances overall usability, as it allows apps to be sent directly to AR and VR devices without any lag or performance hiccups.

Expanding XR Usage Across Commercial Markets

With its latest product, Hololight Stream Runtime, companies can seamlessly stream any OpenXR-compatible application to AR/VR devices. Haspinger highlighted that this new feature simplifies the process, requiring just “one click” to set up streaming without the need for additional development. Such advancements are crucial for expediting AR and VR adoption in industries. There’s a clear belief among experts that Hololight’s emerging technology can facilitate massive application of AR/VR in various sectors, paving the way for a future where this tech operates beyond enterprise confines.

In summary, Hololight is not just riding the wave of emerging XR technology but is actively steering its course with significant investment backing. The company’s pixel-streaming innovation stands to revolutionize how AR and VR applications are utilized, making them more accessible and practical. As it gathers momentum with its latest launches and partnerships, Hololight could redefine the potential of XR technologies across industries and for consumers.