UtilityAR develops enterprise augmented reality (AR) software that lets technicians and engineers view real-time information through AR glasses to perform complex procedures faster or request remote assistance. The company was founded in 2017 and is based in Dublin. It already serves utility and manufacturing customers including Gas Networks Ireland, CIX and Gilead, with deployments across Ireland, the UK, the Netherlands, Belgium and Israel. UtilityAR announced a €600K seed round to fund product refinement and international growth. The company plans to expand its product offerings and grow its user base internationally to capture rising investment in the AR sector. The fundraising positions UtilityAR to compete in a market the article cites as worth about €13.6 billion annually, with analysts expecting significant AR spending in energy and utilities by 2020.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2019