Photo: XR applications, a mix of augmented reality (AR) and virtual reality (VR), are among the specialties of Hololight from Innsbruck (© Hololight)

Bayern Kapital invests again in Hololight in Series B round of €14.4 million

Photo: XR appli­ca­ti­ons, a mix of augmen­ted reality (AR) and virtual reality (VR), are among the special­ties of Holo­light from Inns­bruck (© Hololight)
29. Novem­ber 2023

Munich/Durham/Innsbruck — Holo­light, a leading specia­list in AR and VR solu­ti­ons for the enter­prise market, has successfully closed a Series B finan­cing round of EUR 11.4 million. Led by Euro­pean growth inves­tor Flatz Hoff­mann and exis­ting inves­tors Bayern Kapi­tal (via the Bayern 2 growth fund), EnBW New Ventures and Future Energy Ventures, this brings the company’s total invest­ment to around EUR 25 million. The company intends to use the newly acqui­red capi­tal to further deve­lop its XR strea­ming plat­form “Holo­light Hub”.

Holo­light was foun­ded in 2015 and has been doing pionee­ring work in the field of AR/VR ever since. As a proven indus­­try-tested enter­prise strea­ming plat­form in the immersive and XR (virtual and augmen­ted reality) market with over 150 renow­ned custo­mers such as BMW, Nokia and Amazon Web Services, Holo­light has set the bench­mark for XR strea­ming. In the age of digi­tal trans­for­ma­tion, the tech­no­logy has great poten­tial in various sectors.

Holo­light Hub enables global avai­la­bi­lity and easy deploy­ment of XR appli­ca­ti­ons. Compa­nies use this to improve their indus­trial proces­ses in product deve­lo­p­ment, manu­fac­tu­ring, trai­ning or service. This supports compa­nies in setting up future-proof XR infra­struc­tures and promo­tes new forms of colla­bo­ra­tion and digi­tal work­flows in 3D. With the new invest­ment, Holo­light aims to further deve­lop the XR strea­ming plat­form and gain addi­tio­nal custo­mers in its key indus­tries such as auto­mo­tive, aero­space, engi­nee­ring and many more.

Impres­sive growth and forward-looking vision

Hololight’s plat­form addres­ses the great need for strea­ming in times of spatial compu­ting and indus­trial XR and effec­tively addres­ses the core chal­lenges that arise in indus­trial scena­rios, espe­ci­ally with regard to data manage­ment, proces­sing and secu­rity aspects. Over the years, Holo­light has worked hard to deve­lop and refine its own strea­ming tech­no­logy, which is now at the heart of its enter­prise strea­ming plat­form. Holo­light Hub brings a signi­fi­cant trans­for­ma­tion to the Exten­ded Reality (XR) expe­ri­ence by helping to increase the quality, acces­si­bi­lity and secu­rity of immersive content, as well as simpli­fy­ing manage­ment and delivery.

Florian Haspin­ger, CEO of Holo­light, explains: “As a pioneer in the field of XR strea­ming for compa­nies, we aim to stream every XR app via our Holo­light Hub. In doing so, we want to help compa­nies over­come the hurd­les of using immersive tech­no­lo­gies. Our approach not only offers impro­ved data secu­rity and infra­struc­ture flexi­bi­lity, but also enables true-to-life XR expe­ri­en­ces and global avai­la­bi­lity — all in a highly cost-effec­­tive way.”

The recent expan­sion into the US, with the opening of an office in the Triangle Tech­no­logy Center in Durham in 2022, signals Hololight’s ambi­ti­ons to further expand its global presence.

“Holo­light impres­si­vely demons­tra­tes the inno­va­tive strength of Euro­pean compa­nies in the XR sector. Its ability to assert itself on the global market reflects the strength and poten­tial of Euro­pean tech­no­logy leaders,” says Monika Steger, Mana­ging Direc­tor of Bayern Kapital. ”

Hubert Aiwan­ger, Bava­rian Minis­ter of Econo­mic Affairs, adds: “Compa­nies like Holo­light bene­fit from a dyna­mic inno­va­tion land­scape, as is the case here in Bava­ria. Hololight’s pionee­ring deve­lo­p­ments in the field of augmen­ted reality (XR) are setting stan­dards for product designs and cons­truc­tions of the future. With the Growth Fund Bava­ria 2, we support such compa­nies in successfully navi­ga­ting through decisive growth phases. In this way, we are further expan­ding Bavaria’s posi­tion as a leading loca­tion for high-tech innovations.”

About Bayern Kapital

Bayern Kapi­tal GmbH, based in Lands­hut, is the venture/growth capi­tal company of the Free State of Bava­ria. It accom­pa­nies inno­va­tive high-tech compa­nies in the Free State through various growth phases, from seed to later stage, with equity capi­tal in the amount of 0.25 to 25 million euros. Bayern Kapi­tal often fills gaps in the VC sector in proven consor­tium constel­la­ti­ons with private inves­tors (busi­ness angels, family offices and corpo­rate ventures).
Bayern Kapi­tal mana­ges specia­li­zed invest­ment funds with a volume of around 700 million euros. Since it was foun­ded in 1995 on the initia­tive of the state govern­ment, the wholly-owned subsi­diary of LfA Förder­bank Bayern has inves­ted around 475 million euros of its own equity capi­tal in around 300 start-ups and scale-ups from sectors such as life scien­ces, soft­ware & IT, mate­ri­als & new mate­ri­als, nano­tech­no­logy and envi­ron­men­tal tech­no­logy. This has crea­ted over 10,000 perma­nent jobs in sustainable compa­nies in Bava­ria. The active port­fo­lio curr­ently compri­ses almost 100 companies.
Examp­les of nume­rous ground­brea­king success stories that Bayern Kapi­tal has been invol­ved in at an early stage include EOS (today the world’s leading tech­no­logy provi­der in indus­trial 3D prin­ting of metals and plas­tics), Proglove, Fazua, SimS­cale, Scom­pler, egym, Parcel­lab, Cobrai­ner, Quan­tum Systems, Casavi, Riskme­thods, Tubu­lis, Cata­lym, Immu­nic, Sirion, tado and many more.


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