innogy Innovation Hub invests in Vienna based Augmented Reality Startup
Vienna / Berlin, April 17th, 2018. The Vienna based Augmented Reality Startup INSIDER NAVIGATION has successfully completed a seed investment round. As a new investor, the innogy Innovation Hub has entered the stage. Together with an already existing angel investor, Merit Real Estate Management, the innogy Innovation Hub is investing a seven-figure sum. The new funds will be used to promote the INSIDER NAVIGATION technology globally.
INSIDER NAVIGATION supports dynamic route guidance and the improvement of production and inspection processes for blue chip clients in Europe, Asia and the USA. The Vienna based company visualizes digital information within the physical reality of buildings. Clemens Kirner, CEO of INSIDER NAVIGATION: “innogy Innovation Hub is the ideal investment partner for us and has outstanding digital competence.” innogy Innovation Hub’s Lead “Disruptive Digital” Patrick Elftmann comments: “We are very happy about our latest investment in INSIDER NAVIGATION. Augmented Reality enables new ways of communication, providing opportunities to accelerate work processes, facilitate knowledge transfer and reduce costs. These are topics of great importance to innogy as well as the global energy markets. This for example also enables the digitalization and optimization of processes in power plants and in mains operation. The result: increased safety for employees and lower costs for the company.
About INSIDER NAVIGATION
INSIDER NAVIGATION was founded in 2014 by serial entrepreneur Clemens Kirner. It is the first company that offers augmented reality based indoor positioning and navigation for mobile devices without the use of special hardware. Thanks to augmented reality and efficient navigation technologies, INS offers a worldwide unique holistic solution which enables clients to easily make their venues recognizable for mobile devices and gain added value with augmented reality.
The Vienna based company offers solutions for use in B2B (factories, warehouses, construction sites) as well as in B2C environments (airports, shopping malls, museums), operates worldwide and employs 16 people.
About the innogy Innovation Hub
The innogy Innovation Hub drives pioneering ideas that have the potential to revolutionize existing business models or industries. To this end, the innogy Innovation Hub is building up an innovation portfolio and invests in start-ups and founds new companies. In addition to energy, we also identify solutions in adjacent industrial sectors that make people’s everyday lives easier and more attractive. The innogy Innovation Hub is present where the most successful innovations take place worldwide: in Silicon Valley and Tel Aviv and in Berlin, from where the European activities in London and Warsaw are also controlled. The focus is on ‘Machine Economy’, ‘Smart & Connected’, ‘Disruptive Digital’ and ‘Cyber Ventures’. The innogy Innovation Hub invests in early-stage start-ups that have already successfully launched a business model on the market. The portfolio start-ups benefit from complementary products, services and technologies within the portfolio. Through these natural synergies, the innogy Innovation Hub provides start-ups with access to global networks, decision makers and businesses within the innogy Group, thereby supporting their business development, strengthening their competitiveness and accelerating their exponential growth.
Engel PR, Andreas Engel
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+49 30 3640667-0 / + 49 157 51553000