Funding Round attributes
Distance Technologies, a Finnish startup specializing in glasses-free 3D and mixed reality solutions, has raised €10 million in seed funding. The round was led by Google Ventures (GV), marking the venture capital firm’s first investment in a Finnish company, with participation from FOV Ventures and Maki.vc. Distance Technologies' innovative platform enables users to view 3D and mixed reality content without the need for headsets or glasses, targeting industries such as automotive, aerospace, and defense. The funding will support further development and scaling of their next-generation mixed reality technology.
The CEO of Distance Technologies expressed enthusiasm for the investment, highlighting its role in accelerating the company’s vision of making augmented and mixed reality more accessible and practical for enterprise applications. The platform's ability to deliver immersive experiences without additional hardware positions it as a transformative tool for industries requiring precision and real-time data visualization.
Lead investors praised Distance Technologies for its groundbreaking approach, emphasizing the market potential for this technology as it addresses limitations associated with traditional AR/VR headsets. The funding will help Distance Technologies expand its platform’s capabilities, build out the team, and explore new use cases in critical sectors like automotive design, aerospace engineering, and defense applications.
In conclusion, Distance Technologies’ €10 million seed round marks a significant step toward advancing mixed reality solutions that eliminate the need for glasses or headsets. With strong investor backing and innovative technology, the company is well-positioned to lead the development of more accessible and efficient AR and mixed reality tools across multiple industries.
