Librestream Closes $24M Series D Financing Round


librestream

Librestream, a Winnipeg, MB-based provider of augmented worker enterprise solutions, raised $24M in Series D funding.

The round, which brings total financing to over $55M, was led by Canadian Business Growth Fund (CBGF), joined by Export Development Canada (EDC) and Pender Technology Inflection Fund as new investors and Emerald Technology Ventures and BDC Capital as existing investors.

The company intends to use the funds to accelerate customer acquisition and growth in expanded geographic and vertical markets. As a core part of this growth, Librestream will invest in sales and marketing expansion and the advancement of its Onsight augmented worker platform.

Led by John Bishop, president & CEO, Librestream provides the augmented remote expert technology, a core capability within the Onsight augmented reality platform. Onsight, deployed in over 120 countries, delivers measurable business outcomes including worker safety and productivity, cost savings, reduced emissions, asset uptime gains, and improved customer service delivery. The company also launched solutions to highly impacted verticals and use cases including the Telehealth solution in conjunction with wearable partner, Vuzix, and thermal body temperature screening applications for worker safety across market segments.

FinSMEs

25/06/2020



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