Looking Glass Factory, a New York-based hologram company, received a strategic investment from Accenture (NYSE: ACN) via its CVC arm Accenture Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate growth and expand operations.
Led by CEO Shawn Frayne, Looking Glass has developed an end-to-end holographic platform, with a lineup of displays that can show content in life-like 3D, without requiring the use of headsets or head-tracking. The company has paired its display technology with a software suite that allows brands, designers, and consumers to showcase 3D content that is typically viewed in 2D.
In June 2022, Looking Glass introduced a large holographic display, the Looking Glass 65″, which is already being used in Accenture Labs in San Francisco.
Further, the Looking Glass Blocks sharing platform enables the same content to be shared seamlessly through any internet browser and across a variety of environments: mobile, social and even the metaverse. This marks the first-ever platform for hosting and sharing 3D holograms on the internet, allowing brands to provide their fans with an immersive consumer experience anywhere, on any device.
The company has headquarters in Brooklyn, New York and additional operations in Hong Kong.
Looking Glass joined Accenture Ventures’ Project Spotlight, an engagement and investment program focused on investing in companies that create or apply disruptive enterprise technologies. In addition to funding, Project Spotlight connects emerging technology startups with the Global 2000 to fill strategic innovation gaps and offers extensive access to Accenture’s domain expertise and enterprise clients, helping startups harness human creativity and deliver on the promise of their technology.
FinSMEs
08/02/2023