Scope AR Raises $2 Million Seed Round

CNAQ-PicBy Dean Takahashi

 

Scope AR has raised $2 million in a seed round of funding to expand its enterprise platform for augmented reality. The money came from Susa Ventures, Presence Capital Fund, and New Stack Ventures. AR has been seen as a more distant opportunity than virtual reality, which has been boosted by gaming. But in the long run, AR is expected to be a $90 billion market by 2020, compared to $30 billion for VR, based on estimates by Digi-Capital, a tech advisory firm.

Scope is not making games or Pokémon Go apps. But the company has several big customers on board, like Boeing, Lockheed Martin, and Honeywell.

Read the Full Article on Venture Beat

 

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