Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team
No Result
View All Result
Silicon Canals
No Result
View All Result

Budapest-based startup bags €2M to go international with its innovative mixed reality system

Shubham Sharma by Shubham Sharma
July 24, 2020
in News, (Crowd)funding, Software & SaaS, Startups
0
Budapest-based startup bags €2M to go international with its innovative mixed reality system
51
SHARES
LinkedInTwitterWhatsAppFacebook

With Virtual Reality and Augmented Reality hogging all the limelight, Mixed Reality (MR) news took the backseat for a while. However, the truth is that MR is currently being employed for specific tasks and serves for different specific applications within varying sectors. One such sector is aviation where the Budapest-based startup AerinX developed an innovative application for Mixed Reality. The company develops and provides digital aircraft maintenance solutions and it has now secured €2 million in VC investment. 

Latest investment will help AerinX go global 

AerinX has raised €2 million in its pre-series A round which was led by DBH Investment managed Takarék Venture Capital Fund I.  With the freshly acquired funds, the company will not only accelerate its technological research and development but also plans to enter international markets. 

 - Partner content -
Industry & Infrastructure post-COVID
Industry & Infrastructure post-COVID
Check out solutions to the most pressing problems in the Industry & Infrastructure...Show More
Check out solutions to the most pressing problems in the Industry & Infrastructure theme. Show Less
Read more

“With the venture capital investment received from Takarék Group, we hope to accelerate market entry planned for early 2021. In the coming 6-9 months we are going to continue our R&D activity to finetune and extend the functionality of our smart aircraft inspection system. We are especially glad that over the past year we managed to grow the company valuation of AerinX significantly, which was acclaimed by Takarék Group with its investment,” says Antal Bence Kiss, Co-Founder and CEO of AerinX added.

Hi-tech MR solutions for aircraft checks and maintenance 

Budapest-based AerinX was co-founded back in 2015 by the company’s CEO Bence Kiss and CTO Zoltán Wéber. After pre-seed and seed rounds back in the past couple of years, the company raised €449,000 and now has raised €2 million in VC investment. This was all made possible by innovative hi-tech solutions the company developed. 

The company’s first offering is an MR-based aircraft inspection system that assists professionals with external surface checks of airplanes and other aircrafts, together with the related maintenance tasks. The service is said to notably accelerate workflows and has been in use, in test phase, since the beginning of 2020 by Aeroplex of Central Europe, which is one the largest MRO (maintenance, repair and overhaul) companies in Central Europe. 

Alongside Aeroplex, other major international aircraft maintenance companies will soon adopt AerinX’s MR system within the frameworks of the company’s Early Adopter Program.

“Takarék Venture Capital Fund sees huge potential in the smart aircraft inspection system developed by AerinX, which absolutely fits into the major digitalisation processes currently affecting the aircraft industry worldwide. In our opinion, the company will be able to gain significant market share in the aircraft maintenance industry, achieving a dominant position among technologies emerging,” says Marcell Horváth, CEO of DBH Investment, fund management company of Takarék Venture Capital Fund.

In the earlier seed funding round, X-Ventures Gamma Venture Capital Fund increased capital in AerinX and maintains its ownership share in the company. The startup is also planning a Series A round of funding within the next 12-18 months involving international investors to accelerate international growth.

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Future Hamburg Award 2021
Future Hamburg Award 2021
Call for startups with innovative solutions for the future cities from all over the globe.
Call for startups with innovative solutions for the future cities from all over the globe. Show Less
Read more
Tags: featurednewsSaaS
Share3Tweet12SendShare22

Featured events

Current Month

april

14apr11:0012:00FeaturedFree Webinar: GRECA – investor search via digital matching

Partner content | Work with us

Amsterdam-based SaaS startup SwipeGuide raises €5M for international expansion; aims to double its staff in 2021

Innovation against climate change: what Blue Tulip Awards’ experts on Climate & Energy are looking for

Blue Tulip Awards’ experts of Finance & Prosperity: why COVID, regulations and digitisation boost innovation

Former Booking.com CEO Kees Koolen backs €5.2M funding round of Amsterdam’s cleantech startup Sympower

Emission-free farming and AI for equal job opportunities are the Blue Tulip Awards winners of Generation 2

Silicon Canals Jobs


Breaking news from Amsterdam | Partner

Amsterdam-based MessageBird acquires 24sessions to add video to its omnichannel offering; also acquires Hull

Techstars ties up with ABN AMRO to launch ‘Future of Finance Accelerator’; welcomes 10 startups to Amsterdam

Amsterdam-based fintech Recharge.com raises €10M in debt funding; appoints Azimo’s Michael Kent as new chairman

Shaken by the pandemic, but not stirred: The current state of co-working in Amsterdam

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info