ManageXR raises $4 million in a seed round to help grow its XR company

ManageXR announced that it had raised $4 million in a seed round headed by Rally Ventures. Jay Borenstein, a venture partner and former lead angel investor, joined the board of directors.

ManageXR will use the new capital to assist its growing workforce and go-to-market strategy, as the firm has seen tremendous growth since its beta launch in November 2019 and formal launch in April 2021. Luke Wilson, the founder, and CEO of ManageXR said that the company would continue exploring ways to extend its global partner network of hardware and software firms. Next year, he said the company would focus more on major businesses.

ManageXR created an enterprise device management platform for VR and AR devices that can be used as the backbone of an organization’s infrastructure. Its medium is designed to help businesses scale their XR deployments by allowing them to remotely manage every part of their XR device fleet, including delivering apps and files, customizing the home screen user experience, tracking device health and usage, and more.

“We see a growing trend in companies delivering XR to their employees at a very large scale, evidenced by Accenture’s latest deployment of 60,000 headsets. These organizations are using XR to onboard, train, and upskill employees, as well as unlock new workflow, using the metaverse as a new place to communicate, collaborate, and get work done. Device management is not a new concept to these corporations, and they understand how crucial this type of infrastructure is to ensure technology can be used in a scalable and secure way.”

Wilson

To date, ManageXR has facilitated over 200,000 sessions across thousands of VR and AR devices used by small, midsize, and corporate businesses such as XRHealth and Brink’s. ManageXR was just preloaded on all Pico devices in the United States, thanks to a partnership with Pico Interactive, a VR and AR hardware maker.

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