3xP Global has co-led a substantial investment in KIT-AR, an innovative augmented worker platform, joining forces with Blue Crow Capital, alongside follow-on investors Sintef Venture V, Criteria Venture Tech, and Armilar Venture Partners (through its NOS 5G Fund and TechTransfer fund). 3XP Global expresses its support for KIT-AR's mission to drive global growth, expand its team, and establish itself as a leading platform for augmented workers in manufacturing.
KIT-AR's emergence signifies a progressive shift in the manufacturing landscape, leveraging augmented reality to enhance traditional processes. With this infusion of capital, KIT-AR aims to accelerate its expansion efforts and further solidify its position as a preferred solution for integrating augmented reality into manufacturing workflows. “Everyday, industrial brands across the world are realizing that reducing human errors is not only a persistent competitive advantage, but essential to avoid unmitigated costs,” said Manuel Oliveira, CEO of KIT-AR. “Our platform offers these brands the opportunity to virtually eliminate these errors, mitigating potentially serious repercussions on their business.”
The collective investment reflects KIT-AR's potential to reshape industrial operations through innovative technology. By providing workers with real-time data, immersive training modules, and interactive guidance, KIT-AR aims to improve productivity, efficiency, and safety in manufacturing environments.
As KIT-AR continues to evolve, supported by the expertise and resources of its investment partners, the platform is poised to make strides in redefining industry standards and promoting the widespread adoption of augmented worker platforms globally.
“KIT-AR supports industries minimizing errors and optimizing resource utilization, being therefore, fully aligned with 3xP Global’s objectives. KIT-AR’s founders bring not only expertise in unlocking the full potential of Augmented Reality tools but also a proven and robust market approach. Together, we are committed to a sustainable path that generates significant value for all stakeholders,” added Miguel Lemos, Business Development at 3xP Global.
The journey ahead holds promise for KIT-AR and its stakeholders. With the support of it's investors, KIT-AR is positioned to navigate the challenges of the evolving manufacturing landscape and contribute to shaping its future. In conclusion, congratulations to the KIT-AR team on this achievement. 3xP Global looks forward to witnessing the continued progress and impact of KIT-AR in revolutionizing manufacturing practices.