Luminous XR, a Newcastle, UK-based extended reality (XR) software provider, has raised £1 million in funding, bringing its total raised to £3.55 million.
Investors
The North East Venture Fund, supported by the European Regional Development Fund and managed by Mercia Ventures, invested.
Luminous XR Use of Funds
The company plans to use the funds to target other overseas markets, particularly in the US.
About Luminous XR
Founded in 2006 and led by CEO Ben Bennett, Luminous XR provides a platform that enables developers to create metaverse-style training programs and simulate real-life scenarios, such as health and safety training. The platform is particularly popular with clients in the energy, manufacturing, and industrial sectors. The company has also developed a virtual reality content authoring tool, FLOW, set to launch in late summer. FLOW will simplify and accelerate the creation of training content by eliminating the need for coding.
Funding Details
Company: Luminous Group Limited
Raised: £1.0M
Round: Unknown
Funding Month: July 2024
Investors: The North East Venture Fund, Mercia Ventures
Company website: https://www.luminousxr.com/
Software Category: XR Content Creation
Source: https://www.finsmes.com/2024/07/luminous-xr-raises-1m-in-funding.html