Market Reality: Aira Raises Funding for Visual Interpreter Service
Over the past week, we are seeing more companies capitalizing on services leveraging augmented reality. One company secured funding to expand their service, while two other companies grow its own services through acquisition.
Aira has closed a Series B round of funding totaling $12 million to extend its visual interpreter services to more blind and low vision individuals.
Available now to new users in the United States, the visual interpreter service from Aira enables users to navigate their physical environment through Google Glass with support from live remote agents. The agents are connected to the user’s view over dedicated bandwidth from AT&T and are assisted by an artificial intelligence platform that learns users’ preferences over time.
The round is led by new backers JAZZ Venture Partners and Arboretum Ventures. Existing backers participating in the round include Lux Capital, ARCH Venture Partners, and Felicis Ventures. National Federation of the Blind also participated as a strategic investor.
“I am inspired by the passion that this accomplished group of investors has for our mission to further enhance quality of life for the BVI community,” said Suman Kanuganti, CEO of Aira, in a news release. “By working together we can remove remaining barriers for BVI individuals to live with greater autonomy and confidence.”
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