Iristick, A Leader In Industrial Smart Glasses, Announces Major Capital Increase Enabling Accelerated User Adoption

Iristick, a leading supplier of industrial and medical smart glasses announces a significant capital increase by a consortium of existing and new shareholders
under the leadership of Saffelberg Investments. A total investment of EUR 4 million will allow the company to focus on end-to-end solutions in verticals such as healthcare, energy and logistics.

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Iristick’s smart glasses are being used by professionals across industries in Europe and the US since the company was founded in 2015. Various large-scale proof-of-concept projects are underway, which are expected to lead to accelerated adoption of smart glasses in 2023-2024.

Currently, more than 700 companies rely on Iristick to help improve operational processes, from remote assistance to inspection for mission-critical processes. Beyond the basic use case of remote assistance, Iristick also develops tailored solutions in close partnership with major corporations in healthcare, oil & gas, crop inspection and logistics. In addition, Iristick also supports projects for telemedicine in developing countries as part of its social impact initiative, Social In Motion.

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Key customers include Bayer, Siemens Energy, JBT, Houston Methodist Hospital, HG Molenaar, Aviapartner.

Through a partnership with global ATEX market leader ECOM, a Pepperl+Fuchs subsidiary, Iristick developed the breakthrough Visor-Ex glasses for use in harsh and potentially hazardous environments, which are typical for ECOM’s oil & gas customers.

Iristick will make follow-on investments in platform development, user adoption and sales & marketing in both Europe and United States. The company has appointed Karel Goderis, a software industry veteran, to lead this expansion, in close cooperation with the existing management team.

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