Lumitrix, a Kopřivnice, Czech Republic-based technology company, raised USD$1m in first round of funding.
Y Soft Ventures, the venture capital arm of leading enterprise office solution provider Y Soft, made the investment.
Led by Lukáš Brus, CEO, Lumitrix develops and manufactures advanced software and hardware for its projection-mapping solution, Lumitrix T series outdoor projection system, which is used in the retail, municipalities, advertising or entertainment industries.
The company intends to use the funds to build global sales channels and accelerate future product development. New product directions in the enterprise office segment will also be explored as well as possible integration with various Internet of Things technologies for Smart City concepts.