ArborXR, an enterprise XR device management company, has announced that it has raised $12 million in new funding. The company says it will use the funding to further scale its mobile device management (MDM) platform, which allows businesses to manage fleets of XR devices and content.
The new funding round, led by Mercury Fund and Cortado Ventures, with participation from Impact Venture Capital and Lewis & Clark Ventures, brings the total capital raised by ArborXR to over $25 million. Cracked sole This data follows the company's first funding round led by Early Stage Venture in 2021.
Launched in 2020 by Brad Scoggin, Jordan Williams, and Will Stackable after its founders sold SpringboardVR to Vertigo Games, ArborXR aims to provide “a scalable solution to effectively manage fleets of XR devices and deliver a seamless VR experience during often critical phases,” according to the company.
“Global enterprises and institutions are realizing the potential of XR to transform their businesses and pave the way for significant cost savings, operational efficiencies, and better training tools,” said Brad Scoggin, Co-Founder and CEO of ArborXR. “Since its inception, ArborXR has differentiated itself as a trusted partner for enterprises looking to deploy, scale, and maximize XR in their operations. We continue to identify and address the time-consuming and frustrating elements of traditional MDM platforms and work to enhance the capabilities of our solution and guide our customers through every step of their XR journey.”
ArborXR users include many Fortune 500 companies, including Bank of America, Pfizer, Delta, Walmart and UPS, all of which use XR devices in their employee training programs.