Librestream provides augmented reality (AR) and remote collaboration solutions, including the Onsight augmented reality knowledge platform, to scale knowledge across distributed industrial workforces. Its product uses AR and AI to enable remote expert assistance and high-impact use cases such as "see-what-I-see" inspections, digital workflows, learning and training, knowledge capture and analytics, and hands-free operation. The company serves a global Forbes 2000 customer base across energy, manufacturing, service, aerospace, and defense, with customers' aggregate annual revenues totaling $3.2T. Librestream positions workforce digitization as a complement to Industry 4.0 and intends to accelerate growth by working with strategic investors and partners to advance workforce transformation across industries. Recognition cited in the release includes being ranked the #1 AR remote assistance solution provider by Verdantix, named an IDC Innovator, and winner of the Field Service WBR Innovation Award. The press release frames the new strategic investments as enabling deeper learnings and collaborative initiatives with investors to inform and accelerate Librestream's growth strategies. Librestream provides augmented remote-expert technology through its Onsight augmented reality platform for enterprise augmented workers. Onsight is deployed in over 120 countries and is used to improve worker safety and productivity, reduce costs and emissions, increase asset uptime, and enhance customer service delivery. The company has launched vertical-specific solutions including a Telehealth solution with wearable partner Vuzix and thermal body-temperature screening applications for worker safety. Led by president and CEO John Bishop, Librestream raised $24M in a Series D round that brings total financing to over $55M. The company intends to use the funds to accelerate customer acquisition and grow in expanded geographic and vertical markets, and to invest in sales and marketing expansion. Librestream also plans to advance its Onsight platform as a core part of this growth strategy. Librestream develops mobile video collaboration solutions designed for operations teams across energy, field service, manufacturing, and the public sector. The company’s system is engineered to perform in difficult environments to help teams quickly solve problems, monitor projects, and improve communication. Librestream’s platform is deployed globally on over 10 million devices. Led by President & CEO Kerry Thacher, the company will use newly raised funds to add sales and marketing resources and accelerate its product roadmap. The company is headquartered in Winnipeg, Manitoba, Canada.

Total raised

$32M

Funding rounds

3

Latest round

Series D

Latest activity

Jun 2020