French AR startup Spectral TMS raises €2 million for its solution that guides and trains industrial technicians

Spectral TMS, a leading French startup in the field of autonomous augmented reality for the industrial sector, has raised €2 million seed funding. The round was participated in by the Elaia investment fund, together with the historical investors of Spectral TMS.

Founded in 2018 by Amaury Cottin and Maxence Boucas, Spectral TMS simplifies the transmission and dissemination of industrial know-how. To do this, the startup has created an augmented reality solution which accompanies, guides and trains industrial technicians during maintenance, production and operation.

Coupled with mixed reality goggles Hololens 2 from Microsoft, the Spectral TMS integrates very simply contextual digital information across the technician’s field of vision. Hands free and dynamically informed, it performs its operations twice as fast, easily and without errors. Every operator instantly becomes an expert.

It is by multiplying contacts with technicians that the two co-founders learned to understand the needs of industry and were able to develop a product simple to deploy, easy to use and precisely parameterizable. The founders of Spectral TMS have surrounded themselves with a team of 15 experts in augmented reality to design one of the only softwares that makes industrial teams truly autonomous. Its web platform allows technicians to build and modify Augmented Reality courses online, without outside help.

Cédric Favier, Venture Partner at Elaia explains: “The industrial sector has accelerated its digital transformation to enter into The New Era of Industry 4.0 and the coronavirus pandemic has only added to the skills gap problem. Spectral TMS’ Augmented Reality Solution enables its customers to reach operational excellence around the world by promoting the sharing and transfer of knowledge, training, and the process digitalisation. We are proud to accompany Spectral TMS in this phase of commercial acceleration and deployment on a European scale.”

In just one year, Spectral TMS has carried out about 20 pilot projects with several industrial accounts, including one international deployment with a major CAC 40 group. The new funds raised will allow Spectral TMS to continue its development with these industries now in the deployment phase, and to bring a reliable and turnkey solution to their technicians, especially in times of crisis.

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