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Augumenta
Providing augmented reality applications and development tools to organizations that use smart glasses.
- IoT
- Series A
Location
Oulu, Finland
Revenue size
EUR 100,000 - 499,999
Year founded
2012
Funding raised
EUR 1.5 million
Founders
Peter Antoniac, Damien Douxchamps and Tero Aaltonen
Most relevant investors
ButterflyVC, angels, private corporations (undisclosed)
Team size
1-9
Problem
Augmented reality is a revolutionary technology in linking human beings with the digital world. However, current Augmented Reality devices lack intuitive user interaction and easy integration.
SOLUTION
Augumenta has developed an easy-to-deploy Augmented Reality solution for enterprise applications. Their applications are designed to ensure ease-of-use, maximize up-time, ensure worker safety and quality - all in a secure package that enables companies to save valuable time and resources. The technology stack can be integrated with standard wearable devices in the market that support standard IoT/M2M protocols.
KEY CUSTOMERS AND INTERNATIONAL PRESENCE
Augumenta has been involved in international business operations since its inception. Most notably, they have customers in Central Europe (including Siemens in Germany), Asia (JICA in Japan), and in their home country Finland (including Kiilto and Waratah.
Team
The founders behind Augumenta have PHDs within the fields of Computer Vision, Augmented Reality, Camera Calibration, and Industrial Software. Besides the founding team, the company is supported by a qualified board which consists of experienced entrepreneurs and prominent individuals in the manufacturing sector.
Unique selling point
Extensive research into Augmented Reality has provided Augumenta with strong intellectual properties, with an innovative portfolio of four US-granted patents. As a result, Augumenta has developed one of the most interactive technologies for smart glasses on the market.
Asia Connection
Augumenta has strong relations in Japan, where they have been working with JICA as a solution provider since 2021. One of the co-founders is living in Kyoto, and another co-founder has been in close collaboration with research professors from NARA Institute of Science and Technology in Japan several years ago. The company is looking for distribution partners, clients, funding, acquisition and talent throughout the East Asian region.
Pitch
