GridRaster, a Mountain View, Calif.-based provider of cloud-based XR platforms that powers high-performance and scalable AR/VR/MR experiences on mobile devices for enterprises, closed an additional $2.5m in venture funding.
The round, which brings total funding since launching to $5.7m, was led by Blackhorn Ventures with participation from other existing investors MaC Venture Capital and Exfinity Venture Partners.
The company intends to use the funds to expand its product development efforts, enhance customer support and develop its XR solutions in key customer markets that include Aerospace, Defense, Automotive and Telecommunications.
Led by Rishi Ranjan, CEO and Founder, GridRaster is a provider of cloud-based XR platforms that power high quality AR/VR/MR experiences on mobile devices for enterprises. The company works with manufacturers in automotive, aerospace and defense, and technology to launch and scale AR/VR solutions. The company utilizes a cloud-based approach leveraging distributed edge computing, low-latency remote rendering and 3D Artificial Intelligence (AI) to allow clients to overcome performance, scalability and legacy project limitations.