California, USA-based provider of a technology platform that uses augmented reality (AR) to optimize factory procedures and empower operators, Squint raised USD 6 million in combined seed and pre-seed funding. The round took place on June 2, 2023. Arc, Sequoia Capital’s pre-seed and seed-stage catalyst, and Menlo Ventures’ venture studio Menlo Labs provided the investment for the firm. Meanwhile, various angel investors also joined in the financing.
Purpose of financing for Squint
With the latest proceeds from the seed and pre-seed financing, Squint seeks to consolidate its positions.
It also has plans to fuel and support its go-to-market strategy.
What the investors have to add
Tim Tully, Menlo Ventures partner and Squint board member, further said, “I first met Devin at Yahoo, and we also worked together at Splunk; he’s always stood out as an exceptional engineer with a great eye for design. At Splunk, Devin led the development of our AR products. The number one request from customers was to bring more of their existing data and operational insights into AR. This led to the spark of an incredible business idea, so I was excited to bring Devin into our startup studio, Menlo Labs, to help put Squint on a path to success.”
In addition, Jess Lee, partner at Sequoia, said, “What drew us to Squint was the combination of an outlier founder in Devin, whose background makes him a leading expert in enterprise AR, and a compelling value proposition that is clearly resonating with large enterprise customers like Siemens, Volvo, and more. Squint uses mobile AR, computer vision, and machine learning to replace paper binders, sticky notes, and human training. The way it optimizes factory procedures is incredibly powerful and has the potential to increase factory operations, transforming the way workers interact with machines and applications even beyond the factory floor.”
What the customers have to add
Rachel Wood, the Learning & Development Site Lead at Siemens Spartanburg, said, “We see Squint completely transforming our training process on the factory floor. It enables our workforce to learn with immersive spatial guides that boost productivity and, most importantly, encourage safety.”
Global brands, such as Siemens and The Volvo Group, use Squint’s offerings and speak for the worth of business.
About the company
CEO Devin Bhushan founded the company in 2021. The company leverages the first-ever open-world AR platform with no limits. Owing to the AR platform of Squint, customers see an 86% reduction in the training time of new operators.
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