Arkite raises € 1.6 million to accelerate its European expansion

- 16/10/2017

Genk, Belgium: 16 October 2017 – Arkite develops and markets the Human Interface Mate (HIM), an augmented reality technology to assist production operators. HIM uses a 3D sensor and a projector to inform, teach and guide the operator in his working area during the operational process. “Thanks to HIM, a manufacturing operator can perform complex operations with the same certainty as that of a robot,” says Johan Smeyers, co-CEO Arkite NV. “In the highly competitive environment of the manufacturing industry, more complex operations are expected from an operator. Thanks to HIM’s support, an operator can execute a larger number of actions with a greater complexity”, says co-CEO Ives De Saeger, inventor of the concept.

The company raised over € 1.6 million additional capital in a second round led by Capricorn Venture Partners. Existing shareholders also joined the new investor. The proceeds will allow Arkite to reach its ambitious targets for 2018 and to further expand in Europe. Since the foundation of Arkite in 2015 by Ives De Saeger and Johan Smeyers, the company has grown into a team of 15 people. At present, Arkite has customers in Belgium, the Netherlands, France and Germany.

More info on the press release.