Connecticut based Polarity, a startup that aims to help users through its memory augmentation platform in making power teams which can collect critical information instantly has confirmed picking up $8.1 million as part of Series AA round. The round was led by TechOperators, with Shasta Ventures, Strategic Cyber Ventures, Gula Tech Adventures, and Kaiser Permanente Ventures also participating.
Prior to this round, the firm had secured $3.5 million as part of Series A round in 2017 which was led by Washington-based Strategic Cyber Ventures.
Launched in 2014 by Edmund Dorsey, Joseph Rivela, and Paul Battista, the platform terms itself as an AR company that aims to augment everything happening on the laptop screen. The platform has developed a computer vision software which has the capability of character recognition to read everything available on a screen. The algorithms developed by the firm helps IT admins, analysts, cybersecurity and enterprise professionals share important workflows between them easily without any security threats in real-time. The company counts 7 Fortune 100 companies among its paying clients. the fresh funds will help them double the size of the team in the next 18 months time.
Speaking about the firm, Paul Battista, co-founder and CEO said, “The promise of Augmented Reality to enhance human intelligence and boost productivity is world-changing. Most knowledge workers sit in front of a computer screen for the majority of their day. For the vast majority of knowledge workers, looking through a pair of goggles to look at another screen is uncomfortable and inefficient. We deliver the benefits of AR without the bulky and socially awkward headsets.”
Tom Noonan of TechOperators talking about their decision of infusing the money in the firm said, “When the Chief Information Security Officer of a Fortune 500 company mentioned we should check out Polarity, we were thrilled to meet the team. When we saw the tech for the first time, we were even more excited to be involved. Legacy tools simply can’t keep up with the ever-evolving barrage of security threats and time-sensitive decisions faced every day by organizations. The Polarity team has an optimal combination of real-world experience and an innovative approach to drive the adoption of augmented reality across the enterprise.”