Taqtile announces $5M equity raise

In Augmented Reality News

September 19, 2022 – Taqtile, Inc., a provider of augmented reality (AR)-based work instruction solutions for deskless employees and the maker of AR-enabled work-instruction platform Manifest, has recently announced the completion of a USD $5 million preferred equity round. The Seattle-based company stated that it will utilize proceeds to increase sales and marketing efforts, reinforce engineering and development teams and increase its global footprint through its extensive partnership network.

Investors in the round include Mesmerise, a London-based creator of AR and virtual reality (VR) immersive technologies for enterprise customers, as well as Downer Group, a publicly traded Australian industrial and defense systems integrator. Bellevue, WA-based 5G Open Innovation Lab, and tech-focused Ascend, a Seattle, WA-based venture capital fund, have also invested in Taqtile.

According to Taqtile, its Manifest platform helps businesses to address the widening skills gap among frontline workers performing essential and complex tasks. In a tight labor market with up to one third of deskless workers set to retire over the next five years, Manifest enables companies to support their employees with modern digital tools and helps to improve the overall safety and performance of their businesses.

“Taqtile continues to see robust adoption and accelerated deployment of Manifest across all sectors, including defense, manufacturing, transportation, aircraft MRO, logistics, pharmaceuticals, and others,” stated Dirck Schou, Taqtile CEO. “Taqtile’s global partners are absolutely critical to our mission, and this financing will allow us to do a much better job supporting and enabling our partner ecosystem.”

Mesmerise Executive Chairman and Co-Founder, Daglar Cizmeci, stated: “With an aging workforce, it is critical to capture proprietary knowledge to ensure that the next generation of deskless workers learn quickly and efficiently. We see a comprehensive set of use-cases at our affiliated company, myTechnic, a large aircraft MRO facility in Istanbul, Turkey, and look forward to implementing Manifest there shortly.”

Downer Group, a provider of integrated services in Australia and New Zealand, is both a Taqtile investor and strategic partner. Downer is working in partnership with Taqtile to enable the transformation of frontline work across the company’s 33,000-strong workforce. Close collaboration between Downer and Taqtile has already begun and will continue to grow across major defense and infrastructure projects in Australia and New Zealand, according to Taqtile.

Commenting on the partnership, Downer Group Chief Executive Officer, Grant Fenn said: “Downer’s partnership with Taqtile will enhance the way our frontline work is performed. The services Downer delivers for our customers impact the lives of millions of people across Australia and New Zealand every day, so it is important that we implement industry-leading technology to support the productivity, efficiency and safety of our operations.”

Taqtile’s partners include Booz Allen Hamilton, CACI, Nokia, Verizon, T-Mobile, Accenture, Microsoft, Amazon AWS, and many more. For more information on Taqtile and its Manifest augmented reality work instruction platform, please visit the company’s website.

Image credit: Taqtile


Sam Sprigg

Sam is the Founder and Managing Editor of Auganix. With a background in research and report writing, he has been covering XR industry news for the past five years.