GlobalFoundries, PTC Announce Adoption of Vuforia AR for Training

Avatar Chelsea Mercer, Analyst Augmented Reality, Enterprise Transformation, Enterprise xR Intelligence Service, Insight Articles, Software

Following its Q3 earnings call, PTC announced on July 30th that semiconductor manufacturer GlobalFoundries (GF), will begin using its Vuforia augmented reality solutions platform. GF will implement the newly released Vuforia Expert Capture (providing location-specific augmented reality guidance) software for use with AR HMDs such as RealWear’s HMT-1. GF will also be using PTC’s Vuforia Studio (its drag-and-drop authoring environment), … Read More

NexTech AR Solutions Targets 10x Revenue Growth in 2020

Ramon Conopio, Analyst Ramon Conopio, Analyst Augmented Reality, Enterprise xR Intelligence Service, Insight Articles, Software

NexTech AR Solutions Corp. (​NexTech​) reported fiscal year 2018 gross revenue of $1.6 million with a gross profit of $0.8 million. NexTech plans new product launches targeted for September of 2019 and continuing quarterly into 2020 will continue to drive growth in its AR e-commerce division. Gross margin target in 2020 towards 60-70% with more software revenue added to the … Read More

Vive Enterprise Solutions Reinforce HTC’s Business Practice

Avatar Chelsea Mercer, Analyst Enterprise Transformation, Enterprise xR Intelligence Service, Insight Articles, Software, Virtual Reality

On July 1st, HTC announced VIVE Enterprise Solutions, a new business unit that focuses on delivering services to businesses and developers. HTC will now provide professional services, business solutions, and support along with hardware and software solutions centered around four major categories: training and simulation, design and visualization, virtual collaboration, and location-based entertainment.  The new business unit is the result … Read More

2019 VR/AR Mid-Year Funding Review

30+ page market update report with analysis on venture funding deals, investors and M&A activity from Greenlight Insights’ VR/AR Funding Database.

New Funding Helps RealWear Lead Augmented Reality Strategy Evolution

J.C. Kuang, Analyst J.C. Kuang, Analyst Augmented Reality, Augmented Reality Intelligence Service, Devices & Technology, Enterprise Transformation, Enterprise xR Intelligence Service, Head-Mounted Displays, Insight Articles

Augmented reality technology provider RealWear announced on June 1 an $80 million series B financing round, comprised of a combination of equity and debt from investors including Teradyne, Inc., Bose Ventures, Qualcomm Ventures, Kopin Corporation, and JPMorgan Chase & Co. According to RealWear, the round will fund future development of new upcoming hardware and software platforms and expansion into new … Read More