Holo One has concluded a series A funding round amounting to 8 million US dollars. The startup was founded in Lenzburg in the canton of Aargau in 2016 and has since also set up in California’s Santa Clara. It plans to use these funds to further develop its platform, Sphere, which uses extended reality (XR). Sphere is a productivity and collaboration platform for companies that enables users to collaborate without boundaries. They are presented as avatars on the platform, which “leads to a lifelike collaboration experience,” according to a press release from Holo One.
This funding round was led by Micron Ventures, the venture capital company of one of the largest semiconductor manufacturers. Also participating in the round were Lenovo, Verve Ventures, Schwarzwälder Bote (the family office managed by the German venture capital fund Redstone), and Forefront Venture Partners.
Gayathri Radhakrishnan, Senior Director of Venture Capital at Micron, comments: “Unlike many other investment possibilities for corporate software, in this case we had the advantage that we could assess several excellent solutions at leading manufacturing companies.” He considers the results to be confirmation that Holo One is ahead of the times, adding: “We believe that Holo|one’s software will make the introduction of XR hardware seamless, both in terms of production and beyond that in the further metaverse of companies.”
Holo One CEO Sven Brunner states: “We are months, if not years ahead of the competition.” He adds that his company is confident that it will “inherit a large part of the emerging metaverse market for companies”.
