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