Basemark, a Helsinki, Finland-based provider of automotive AR software that enables original equipment manufacturers (OEMs) to develop AR applications for their cars, raised €22M in Series B funding.
The round was led by ETF Partners, with participation from Finnish Industry Investment (Tesi), Constructor Capital, a single family office based in Zürich, Business Finland, the European Innovation Council, and private investors.
The company intends to use the funds to further enhance its business with OEMs in Europe and the United States and fund its international expansion to Japan, China, and South Korea.
Led by Founder and CEO Tero Sarkkinen, Basemark is a provider of software and tooling solutions for advanced automotive AR application development, including AR Navigation and AR ADAS visualizations for AR HUDs and other screens in a car. Its solution, Rocksolid AR, comprises of visual design studio, SDK, and runtimes optimized for automotive software and hardware environments.
The company secured its first series production deal with an OEM in the United States last year and is also actively discussing with major OEMs in Europe and Asia.
FinSMEs
09/04/2024