holo|one raises USD 8 Million Series A funding led by the venture arm of Micron Technology for Metaverse productivity platform
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16.03.2022 16:18, Guillaume Tinsel
holo|one, a software company developing Sphere, announced today the close of a USD 8 Million Series A financing round led by Micron Ventures. Additional investors in the round include Lenovo, Verve Ventures, Family Office Schwarzwälder Bote managed by German Multiple VC fund Redstone and Forefront Venture Partners. holo|one will use the investment to fund further development of their XR solution Sphere, a metaverse productivity and collaboration platform for enterprise.
The COVID-19 pandemic highlighted the increasing importance of remote collaboration while simultaneously confronting us with the limitations of contemporary solutions. The recent surge in interest over the Metaverse only heightened demand for sophisticated, production-ready XR (Extended Reality) solutions. holo|one has been developing Sphere, an XR productivity and collaboration platform that blends digital content with the real world in the form of holograms, for several years. With Sphere, users can work together across borders while being represented as avatars, resulting in a lifelike collaboration experience.
After extensively testing the solution in a productive environment, the venture arm of Micron Technology decided to invest in holo|one and Sphere. Lenovo, after a multi-year close collaboration between their own XR team, called ThinkReality, and holo|one, followed suit. The vested strategic interest of parties that have closely worked with the company and product for years substantiates holo|one’s long-term aim of becoming a leading player in the emerging Metaverse industry.
“Companies are racing each other to develop viable XR solutions while Sphere is on the market right now”, said Sven Brunner, CEO of holo|one. “We are months, if not years, ahead of the competition and have continuously proven to be able to win bids against the few companies that also boast a working product. With our winning combination of a sophisticated solution, solid customer base and key strategic partnerships, we are confident that we will capture a large part of the emerging enterprise metaverse market.”