Iristick announces major capital increase enabling accelerated user adoption
15 February 2023 – Iristick, a leading supplier of industrial and medical smart glasses announces a significant capital increase by a consortium of existing and new shareholders under the leadership of Saffelberg Investments. A total investment of EUR 4 million will allow the company to focus on end-to-end solutions in verticals such as healthcare, energy and logistics.
Iristick’s smart glasses are being used by professionals across industries in Europe and the US since the company was founded in 2015. Various large-scale proof-of-concept projects are underway, which are expected to lead to accelerated adoption of smart glasses in 2023-2024.
Currently, more than 700 companies rely on Iristick to help improve operational processes, from remote assistance to inspection for mission-critical processes. Beyond the basic use case of remote assistance, Iristick also develops tailored solutions in close partnership with major corporations in healthcare, oil & gas, crop inspection and logistics. In addition, Iristick also supports projects for telemedicine in developing countries as part of its social impact initiative, Social In Motion.
Key customers include Bayer, Siemens Energy, JBT, Houston Methodist Hospital, HG Molenaar, Aviapartner.
Through a partnership with global ATEX market leader ECOM, a Pepperl+Fuchs subsidiary, Iristick developed the breakthrough Visor-Ex® glasses for use in harsh and potentially hazardous environments, which are typical for ECOM’s oil & gas customers.
Iristick will make follow-on investments in platform development, user adoption and sales & marketing in both Europe and United States. The company has appointed Karel Goderis, a software industry veteran, to lead this expansion, in close cooperation with the existing management team.
Iristick, based in Antwerp and New York, is a leading producer of smart glasses that enable handsfree communication and information sharing for the deskless workforce in various industries. Iristick smart glasses are being used globally for remote assistance, step-by-step workflow guidance, pick-by-vision and video conferencing. Iristick also supports NGOs with telemedicine equipment in most underserved parts of the world, enabling teleconsultation and remote expert guidance in rural areas. The award-winning Iristick smart glasses are the most balanced and lightweight on the market, and they seamlessly connect with both iOS and Android smartphones.
Published on Feb 22, 2023