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
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
  • 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
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
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
43
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 -
Cost of software - The Software house
The cost of building software
Marek Gajda, CTO of The Software House, shares his insights on building high-quality...Show More
Marek Gajda, CTO of The Software House, shares his insights on building high-quality software. 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 -
Hiring during COVID Intrinsic Search
Hiring SaaS sales executives
Check out the do's and don'ts while hiring SaaS sales executives
Check out the do's and don'ts while hiring SaaS sales executives Show Less
Read more
Tags: featurednewsSaaS
Share3Tweet10SendShare18

Partner content | Work with us

Future of coding: CTOs discuss low-code versus custom code software development for their business

Why now is the perfect time to start hiring for 2021

SaaS sales in 2021: 9 predictions from an industry expert

Diversity in hiring for SaaS: the often overlooked topic of ageism

Boost your scale-up’s growth by outsourcing to these top Eastern European software development companies

Subscribe to our daily newsletter

Check your inbox or spam folder to confirm your subscription.

Breaking news from Amsterdam | Partner

Amsterdam-based Media Distillery uses AI to understand what’s inside video; secures €3M

These powerhouse female VCs are funding Amsterdam’s most innovative and diverse startups

Amsterdam-based WeTransfer reportedly planning a stock market flotation

Amsterdam-based Peak Capital’s portfolio firm Flinders acquired by Nine United; VC firm’s first exit of 2021

Advertisement

Trending

Adobe flash
News

Adobe pulls the plug on Flash, but here’s how you can still play some iconic Adobe Flash games

January 4, 2021
11 AI leaders from Amsterdam to watch in 2021
AI and chatbots

11 AI leaders from Amsterdam to watch in 2021

January 7, 2021
Amsterdam
Amsterdam

CES 2021: Meet the 12 Amsterdam-based startups in the Dutch delegation

January 13, 2021
  • 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
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact

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