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KIT-AR announces €2m in seed stage funding round

KIT-AR announces €2m in seed stage funding round
KIT-AR, the augmented worker platform for the manufacturing industry, announced the completion of a €2 million seed stage funding round.

This investment was co-led by Armilar Venture Partners and Caixa Capital Risc, with participation from RKKVC and Techtree fund (managed by Iberis Semper), including the follow-on investment from Sintef Venture V and Best Horizon.

This round of financing will help KIT-AR push onwards with its vision to become the reference platform for augmented workers in the manufacturing industry.

Incorporated in the United Kingdom, with a subsidiary in Portugal, KIT-AR has strong roots in applied research and innovation having spun out of UCL (University College London) and SINTEF, the largest research institute in Norway.

David Grimm, Physical Sciences and Engineering Investment Director at UCLTF, said: “Congratulations to the team at KIT-AR. I’m looking forward to seeing the next stage of the journey.”

Read the full story from KIT-AR.

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