Luminous Group Raises £1M in Funding
Summary
Luminous Group, a Newcastle, UK-based company that provides immersive training programmes for industry using extended reality software, raised £1M in funding. The company intends to use the funds to roll its technology out to a wider audience and create 10 new jobs in the year ahead. Led by Ben Bennett, CEO, and Nigel Hope (CEO), Luminus Group provides Luminous XR (extended reality) platform – which incorporates augmented, mixed and virtual reality – that enables users to create training programs quickly and efficiently and track students’ progress. The system, which is ideal for energy companies and manufacturers, can recreate real-life situations including hazardous environments in a safe and repeatable way. Luminous has already won a major contract from a Middle East energy company and recently opened an international office in Bahrain.