Iristick

Iristick is a manufacturer of AR smart glasses that allow for hands-free communication and real-time information sharing, including the ability for remote assistance and video conferencing through integrations such as Microsoft Teams, Zoom, and RemoteEye. The glasses feature hands-free barcode scanning and voice commands alongside step-by-step workflow guidance to assist operators in executing tasks. The glasses are equipped with a 6x optical zoom lens that enables the wearer to focus on details that are too far away or unreadable for the human eye and can be tethered to a smartphone for increased processing power and longer battery life.

The company offers four types of smart glasses, including the Iristick.G2 retailing at USD 2,099, which features a 16 degree FOV, 16 MP central camera, and 720P 30fps video, a touchpad for micro-gesture interface, prescription lens compatibility, and integration with MDM-systems. The Iristick.G2 PRO retails at USD 2,599 and builds upon the G2 smart glass with additional features such as multilingual voice features and a multiple barcode scanning system. The Iristick.H1 is a head-mounted smart glass retailing at USD 2,599 and features dual 16 MP dual cameras, 640 x 400 active color matrix OLED display, 2000 nits brightness, 30FPS HD video, and a touchpad and voice command module, The company also offers the Visor-Ex 01, which was launched in November 2021, meant to be used in hazardous work areas and provides similar features to its other headsets. The company’s focus industries include manufacturing, healthcare, field services, and oil and gas.

Key customers and partnerships

Iristicks key customers include Bayer, Siemens Energy, Aviapartner, Capestone, and Vicktrex.

Overall, Iristick partnered with 14 companies to integrate their software into its smart glass offerings in addition to five research and consultancy partners. Specific partnerships include that with technology provider ALSO (to expand ALSO’s portfolio of AR solutions with Iristick’s smart glasses in October 2022), Digital work instruction provider Klatt Works (to integrate its MX Accelerator step-by-step workflow guidance software in February 2022), software development company Harvest Technology (to commence proof of concept trials for the integration of their Infinity Nodestream and Wearwolf technology into Iristick’s smart glasses in January 2021).

Funding and financials

In February 2023, Iristick raised EUR 4 million (~USD 4.3 million) in a funding round led by a consortium of investors. Funding was to be utilized for the development of end-to-end solutions in healthcare, energy, and logistics alongside investments to increase user adoption and boost sales and marketing efforts in Europe and the US.

In 2020, Iristick recorded 4x YoY growth as a result of an expansion of its customer base.