Visit StickyLock

Trending Now

Augmented Reality Firm RE’FLEKT Accumulates €5 Million Series A Funding With Latest Prosegur Investment Round

Prosegur, the pioneering multinational security firm has made and 1.25 million Euro investment in RE’FLEKT, the San Francisco and Munich based augmented reality (AR) startup company. The firm caters content and remote expert solutions for enterprise-level customers.

BASF Venture Capital had invested 3.75 Million Euro capital into RE’FLEKT some while ago. The AR firm has now raised 5 million Euros or $5.7 Million US Dollars in Series A funding, in addition to the investment provided by Bosch in 2015. With this round of investment, technology-driven developments are expected in the arena of security solutions, which can help to improve regular activities, and push augmented reality growth to all markets.

Wolfgang Stelzle, the founder and CEO of RE’FLEKT, shared his inputs regarding the investments accumulated by the firm. He expressed delight in welcoming a prominent international solutions provider like Prosegur as an investment partner, stating that it proves the domain of augmented reality is bigger than commonly perceived. According to him, the security industry can also witness greater benefits with the use of AR, by facilitating workflow optimisation with easily discernible visualisations. Stelzle hopes that the investment will propel RE’FLEKT to newer domains, and help it enhance aspects like products and team.

The security industry can also witness greater benefits with the use of AR, by facilitating workflow optimisation with easily discernible visualisations.- Wolfgang Stelzle

Javier López Huerta, Managing Director, Prosegur Tech Ventures, also shared his viewpoints regarding the association with RE’FLEKT. According to him, the position of Prosegur as a global-level security industry leader inspires the company to constantly seek out advanced solutions for technological transformation. Huerta expressed excitement regarding the start of its association with RE’FLEKT as the sector can improve with the AR features. He stated that AR can enhance the Security, Alarms and Cash business units of Prosegur, and bring forth improvements in regards to regular operations, maintenance and training activities. Looking towards the future, Huerta believes that RE’FLEKT can generate considerable value for Prosegur and also the global industry.

AR can enhance the Security, Alarms and Cash business units of Prosegur, and bring forth improvements in regards to regular operations, maintenance and training activities. – Javier López Huerta

Since the inception of RE’FLEKT back in 2012, the company has contributed towards the development of mixed reality and augmented reality. The augmented reality-based remote expert solution and content generation platform of the company is recognised by prominent organisations including Microsoft, Frost & Sullivan, ABI and Gartner. Its solutions ensure increased effectiveness of operations, training and maintenance. The implementation of stepwise instructions into systems with augmented reality enables enhanced operations, reduces mistakes and boosts uptime.


The RE’FLEKT Ecosystem is used by industrial organisations to process traditionally documented data and CAD (computer-aided design) drawings, and generate mobile and smart-glasses applications based on augmented reality. The AR applications can be utilised irrespective of location, for the purpose of user support and standardising learning for complex processes and machinery.

The international market potential for augmented reality applications is estimated to be upwards of one hundred billion Dollars in 2020. Trends such as connectivity, globalisation and knowledge society are a few of the fundamental factors which can amplify the opportunities of enterprise-level augmented reality solutions dealing with knowledge and communication.

 

 

Join the Discussion


Visit StickyLock
Back to top