LightGuide Inc., a leading projected augmented reality (AR) software platform that improves manual assembly and manufacturing processes for companies worldwide, has raised a $15M Series B financing led by G2 Venture Partners, with continued participation from Capital Midwest Fund and Michigan Capital Advisors.
LightGuide’s patented Industry 4.0 technology standardizes and improves manual assembly processes by projecting virtual step-by-step instructions onto an employee’s work surface. The visual and intuitive light guidance provides immersive, “No Faults Forward” process control through defect prevention and traceable analytics. The system helps ensure processes are completed safely, correctly, and efficiently.
LightGuide, Inc. uses proprietary software and high-powered projector systems to guide and confirm the completion of complex tasks, from assembly to quality control and training. The technology provides visualization, traceability, and flexibility in manufacturing and assembly processes.
The investment will combine G2’s focus on investing in the digitization of industrial markets with LightGuide’s AR software platform to further accelerate LightGuide’s growth. Core initiatives for the company include expansion of its global sales and support network to meet growing demand for AR work instructions and continued R&D in its cloud infrastructure and software suite.
“LightGuide is bridging the gap between Industry 4.0 technology and the best of human intelligence, expanding and empowering the worldwide manufacturing workforce,” says Paul Ryznar, founder and CEO of LightGuide.
“We are honored to have G2 join our existing investment team of Capital Midwest Fund and Michigan Capital Advisors to further advance this goal. Together, we will help more industrial manufacturers benefit from digital transformation that simplifies complex work and provides greater operational excellence.”
LightGuide works with a variety of leading automotive, aerospace, heavy equipment, agricultural equipment producers, and distribution companies, as well as in the health care field, to solve a growing variety of challenges. Key clients include GE, Bosch, Caterpillar, Magna, and JR Automation.
In addition to its headquarters in Wixom, LightGuide has a European location in the Czech Republic.
To learn more about LightGuide, Inc. visit https://lightguidesys.com/