KIT-AR Secures £2.82M Funding for Global Expansion
Startup KIT-AR, a cutting-edge augmented worker platform for the manufacturing industry, has recently completed a £2.82 million funding round on February 26th, 2024. This round was co-led by 3XP Global and Blue Crow Capital, with follow-on investment from Sintef Venture V, Criteria Venture Tech, and Armilar Venture Partners. The funding will be directed towards team expansion and accelerating global growth, positioning KIT-AR to become the definitive platform for augmented workers in the manufacturing industry.
Manuel Oliveira, CEO of KIT-AR, highlighted the importance of reducing human errors for industrial brands worldwide.
By offering a platform that virtually eliminates errors, KIT-AR aims to help businesses avoid costly repercussions while contributing to a more sustainable world. The focus on addressing the cost of poor quality aligns with the objectives of 3xP Global, as stated by Miguel Lemos, a partner of the company.
KIT-AR's patented technology enables manufacturing enterprises to digitalize their human-centered shopfloor, recognized for innovation by programs such as the Sony Startup Acceleration Program and the Boeing Aerospace Xelerated Program. With strategic partnerships with PWC Portugal and NOS, KIT-AR is poised to continue delivering innovative solutions and driving efficiency and sustainability in the manufacturing sector. The company's vision of redefining the industrial revolution and its commitment to technological progress reflect its dedication to making a difference in the industry.
They've invested in KIT-AR
Get to know these ARVR investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  3XP Global | investment(s) investment(s) | more info | |||
2 |  Blue Crow Capital | 1 investment(s) investment(s) | more info | |||
3 |  Sintef Venture V | 1 investment(s) investment(s) | more info | |||
4 |  Criteria Venture Tech | 1 investment(s) investment(s) | more info | |||
5 |  Armilar Venture Partners | 1 investment(s) investment(s) | more info |
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