According to Caixa Capital Risc, CriteriaCaixa's venture capital manager, the operation also included the participation of the funds Armilar Venture Partners, Rkkvc and Techtree (managed by Iberis Semper), as well as follow-up investment from Sintef Venture V and Best Horizon.
KIT-AR is a startup whose augmented reality technology for frontline workers enables increased quality and efficiency in industrial and manufacturing production processes. Its solution leverages loan data augmented reality and artificial intelligence to identify, track and reduce production errors. Its workload includes the automotive, aerospace and electronics sectors, among others.
With offices in the UK and Portugal, the company has a long track record in applied research and innovation, having emerged from University College London and Sintef, Norway's largest research institute.
Caixa Capital Risc's entry into KIT-AR will help boost the company's growth and consolidation as a benchmark augmented reality platform for workers in the industrial sector, according to the asset manager.
Since its creation, the company has received several awards, such as being selected for Sony's Startup Acceleration Program and being the winner of the 5G Accelerator Program, promoted by Amazon.
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With this operation, Caixa Capital Risc continues its commitment to innovative companies and leaders in cutting-edge B2B markets, especially in segments such as industry 4.0 or cybersecurity , as well as in technologies such as artificial intelligence.
Criteria Caixa's venture capital manager invested in the Spanish startup Barbara IoT last May, has participated in the latest investment round of Amelia Virtual Care and last year it entered Build38.
