VSight raises €775K seed investment for the future growth

1 December, 2021

VSight has closed a €775.000 seed equity investment round raised from Startup Wise Guys, Estonian Business Angels, and Cocoon Ventures. Since the launch, VSight Remote product has been a success in 24 countries, used by over 108 companies.

Through VSight Remote businesses can ensure their continuity, increase operations efficiency and solve talent shortages. Remote Support solution connects front-line workers and service technicians with on-demand expertise. Companies have full control over experts and technicians set up and increase workforce productivity up to 65%.

Workers through VSight Remote integrated on smart glasses now can work hands-free. In addition, at the same time, they can use visual step-by-step instructions and 3D visualizations to perform service work, such as replacing a pump faster and with a lower risk of errors than before. We, as VSight, have experienced tremendous growth over the past 24 months as the needs of the remote workforce and immersive technologies became top priorities for digital transformation. The size of customer deployments grew more than 500% last year. 

VSight Remote’s real-time effective solutions over the years, and especially during this pandemic, proved invaluable in driving innovation for business processes and service delivery. They were chosen among 330 startups from 51 countries at  sTARTUpDay Pitching competition powered by Estonian Business Angels.

“The progress we saw on VSight last year both in terms of product-market fit and international sales is just impressive. We believe VSight will reach 1 Mio ARR within the first half of 2022 and we are super happy to be able to continue supporting them as we have done as their first believer and investor.”- says Cristobal Alonso, Startup Wise Guys CEO. 

Kristjan Raude, Lead Investor and Estonian Business Angels board member added, “EstBAN investors chose VSight as the best startup atsTARTUpDay Pitching event out of 300+ strong early-stage companies. We admire the strength of the core team, their business idea, and the traction they managed to get in a short period of time. We invested 350 000€ and looking forward to supporting the growth of VSight.”

“.Cocoon Ventures together with the .Cocoon Program sees a strong match between the founders of VSight and our vision to work with founders interested in self-growth through entrepreneurship.” – says Aleksander Tonnison, Venture Partner at Cocoon Ventures