Financials

Estimates*

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Revenues, earnings & profits over time
EUR2015201620172018
Revenues-<1m<1m<1m
% growth--30346 %44 %
EBITDA<1m(<1m)<1m(<1m)
% EBITDA margin-(150860 %)51 %(299 %)
Profit<1m(<1m)<1m(<1m)
% profit margin-(158853 %)12 %(341 %)

Source: Dealroom estimates

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DateInvestorsAmountRound
-

N/A

-

€100k

Seed
N/A

$100k

Seed

€100k

Seed
N/A

€100k

Grant

€400k

Debt
N/A

€200k

Seed

€400k

Grant
N/A

€200k

Seed

€500k

Seed
*
N/A

€300k

Seed

€1.1m

Grant

€1.1m

Grant

€200k

Early VC
Total Funding€4.4m

Recent News about GlassUp

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More about GlassUpinfo icon
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GlassUp is an innovative startup specializing in augmented reality (AR) visors designed for industrial applications. Their primary product, the GlassUp F4, is a cutting-edge AR device that enhances the capabilities of workers by providing remote assistance, on-the-job training, and image recognition. This technology is particularly beneficial in industries such as automotive, packaging, and insurance, where precision and efficiency are paramount.

The company operates in the rapidly growing augmented reality market, which is part of the broader Industry 4.0 movement. Industry 4.0 refers to the current trend of automation and data exchange in manufacturing technologies, which includes cyber-physical systems, the Internet of Things (IoT), and cloud computing. GlassUp's products are designed to integrate seamlessly into these advanced industrial environments, providing significant improvements in productivity and safety.

GlassUp's business model is primarily B2B (business-to-business), targeting companies that require advanced technological solutions to enhance their operational efficiency. They generate revenue through the sale of their AR visors and associated software, which includes a remote control dashboard compatible with Windows OS 8 and later versions. This software allows users to share the point of view of any paired GlassUp F4 device, manage voice calls, and perform other essential functions.

The company benefits from various government subsidies and fiscal policies, particularly those established by the Industry 4.0 Italian Plan. These incentives include tax concessions of up to 40% for investments in startups and innovative small and medium-sized enterprises (SMEs). Such financial support not only boosts GlassUp's growth prospects but also makes their products more accessible to a broader range of clients.

In summary, GlassUp is a forward-thinking company that leverages augmented reality to provide industrial solutions, enhancing worker capabilities and operational efficiency. They serve a diverse range of industries and benefit from substantial government support, positioning them well for future growth.

Keywords: Augmented Reality, Industrial Applications, Remote Assistance, On-the-Job Training, Image Recognition, Industry 4.0, Automotive, Packaging, Insurance, Government Subsidies.