London, February twenty sixth, 2024 – KIT-AR, the cutting-edge augmented employee platform for the manufacturing business, introduced right now the completion of a 3.3 million euros funding spherical, co-led by 3XP World and Blue Crow Capital, together with follow-on funding from Sintef Enterprise V, Standards Enterprise Tech and Armilar Enterprise Companions (by means of its NOS 5G Fund and TechTransfer fund). This funding spherical positions KIT-AR to speed up its progress globally, scale the group and advance its imaginative and prescient to turn out to be the definitive platform for augmented staff within the manufacturing business.
“On a regular basis, industrial manufacturers the world over are realizing that lowering human errors is just not solely a persistent aggressive benefit, however important to keep away from unmitigated prices.” acknowledged Manuel Oliveira, CEO of KIT-AR. “Our platform affords these manufacturers the chance to just about get rid of these errors, mitigating probably critical repercussions on their enterprise.”.
These repercussions transcend an financial dimension, being detrimental to each the setting and society. KIT-AR’s concentrate on addressing the price of poor high quality permits producers to immediately contribute to a extra sustainable world.
“KIT-AR helps industries minimizing errors and optimizing useful resource utilization, being subsequently, totally aligned with 3xP World’s targets. KIT-AR’s founders carry not solely experience in unlocking the full potential of Augmented Actuality instruments but additionally a confirmed and strong market strategy. Collectively, we are dedicated to a sustainable path that generates vital worth for all stakeholders” acknowledged Miguel Lemos, accomplice of 3xP World.
KIT-AR’s patented expertise is a key enabler for manufacturing enterprises to facilitate the digitalisation of their human-centered shopfloor. Since its inception, KIT-AR has been recognised for groundbreaking innovation, from being chosen by the Sony Startup Acceleration Program and the Boeing Aerospace Xelerated Program, to extra lately taking a part of the Unicorn Manufacturing unit, a novel program geared toward scaling potential unicorns to fulfil their international potential.
“What excites us about KIT-AR is how they apply cutting-edge augmented actuality on to the manufacturing flooring, tackling on a regular basis challenges with revolutionary options. Their strategy brings tangible enhancements to effectivity and workflow readability, demonstrating the real-world affect of their options. We’re proud to assist a group that’s as grounded in actuality as they’re formidable in imaginative and prescient, and we’re wanting to see their options make a distinction within the business. It was an incredible
Manuel Oliveira (CEO and co-founder) and João Carlos Costa (CTO and co-founder).
funding alternative that was offered to us, and we took it. Our focus is to assist nice companies with distinctive groups” shared Antonio de Mello Campello, accomplice of BlueCrow Capital.
“We’re redefining the present industrial revolution and we gained’t cease right here”, Manuel Oliveira additional factors out that “Our group, with its sturdy analysis DNA and expertise to innovate, will proceed to ship a plethora of causes for producers to undertake a extra environment friendly, sustainable and human-centric strategy in the direction of manufacturing. That is additional enhanced by our strategic partnerships with PWC Portugal and the most important communications and leisure group in Portugal, NOS, which is able to strengthen our attain and worth to the manufacturing market, in Portugal and past”.
For extra data, please contact:
Manuel Oliveira
Chief Govt Officer
[email protected]
+447886698917
