KIT-AR, a London, UK-based provider of an augmented worker platform for the manufacturing industry, raised £2.82M in funding.
The round was led by 3XP Global and Blue Crow Capital, along with follow-on investment from Sintef Venture V, Criteria Venture Tech and Armilar Venture Partners (through its NOS 5G Fund and TechTransfer fund).
The company intends to use the funds to expand operations and its business reach.
Led by CEO Manuel Oliveira, KIT-AR is an innovative augmented worker platform focused on reducing the cost of poor quality in manufacturing. With offices in the United Kingdom and Portugal, its platform leverages augmented reality, artificial intelligence and process mining to identify, trace and reduce production errors in the automotive and aerospace manufacturing markets.
Since its inception, KIT-AR has been recognised for innovation, from being selected by the Sony Startup Acceleration Program and the Boeing Aerospace Xelerated Program, to more recently taking part of the Unicorn Factory, a program aimed at scaling potential unicorns to fulfil their global potential.
FinSMEs
01/03/2024