Augmented reality startup Taqtile raises $3M, announces Magic Leap partnership

AREA member Taqtile, AR startup, raises $3M, announces Magic Leap partnership, revealed a press release on December 10 2019.

Seattle augmented reality startup Taqtile raised $3 million in a round led by Broadmark Capital and its affiliated entities, along with additional investors. It’s the first equity round for Taqtile. The 35-person company was also part of Magic Leap’s new enterprise partner program announced today.

Company background: Taqtile develops augmented reality tech for industrial applications on headsets and mobile devices. Customers across six continents use its cross-platform Manifest software for training and other on-the-job purposes. The idea is to increase efficiency by reducing the time it takes to get work done while lowering error rates.

Customers: Clients include Seattle-area King County IT, which uses Manifest and Microsoft HoloLens to train operators at a wastewater treatment plant, and the New Zealand Defense Force. Taqtile initially launched in 2011 and focused on mobile app development before shifting gears to mixed reality.

Magic Leap deal: Joining the enterprise partner program is a key milestone for Taqtile, given that Magic Leap is a leader in the augmented reality industry, having raised nearly $3 billion. Magic Leap will now re-sell Taqtile’s Manifest solution as it turns its focus to enterprise use cases. Taqtile previously won a “Creator’s Grant” from Magic Leap to port its solutions to the company’s platform.

Taqtile is also a Microsoft partner and won the U.S. Partner for Mixed Reality and Intelligent Cloud award earlier this year at Microsoft Inspire. AT&T — which is a Magic Leap investor — is also a Taqtile partner.

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