ArborXR, a leading provider of extended reality (XR) system administration services focused on the enterprise sector, has announced a significant milestone: securing $12 million in fresh funding to further drive its growth and innovation initiatives. The corporation plans to utilize the financing to further expand its mobile device management (MDM) platform, enabling businesses to manage large-scale augmented reality (XR) devices and content.
Led by Mercury Fund and Cortado Ventures, with participation from Influence Enterprise Capital and Lewis & Clark Ventures, the brand new funding spherical brings the full capital raised by ArborXR to over $25 million. Following its inaugural funding round in 2021, backed by Early Stage Enterprise.
In 2020, tech entrepreneurs Brad Scoggin, Jordan Williams, and Will Stackable founded ArborXR after selling SpringboardVR to Vertigo Video games, capitalizing on their expertise in virtual reality (VR) management. The company aims to provide a scalable solution for managing large fleets of XR devices, ensuring a seamless VR experience during critical phases.
“Global corporations and organizations recognize the transformative power of XR in reshaping businesses, driving significant cost savings, operational efficiency, and enhanced training tools,” said Brad Scoggin, Co-Founder and CEO of ArborXR. As a pioneer in the XR space, ArborXR has established a reputation as a reliable partner for companies looking to successfully integrate, expand, and optimize immersive technologies within their business practices. We’re committed to streamlining the tedious aspects of traditional MDM solutions, continually enhancing our platform’s capabilities to support customers throughout every stage of their extended reality (XR) transformation.
Among its prominent clients are numerous Fortune 500 companies, including Bank of America, Pfizer, Delta, Walmart, and UPS, which utilize ArborXR’s cutting-edge technology in their employee training programs.
