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UX Ventures AB Acquires Companion Augment Solutions AB
2021-08-31, Stockholm, Sweden.
UXVentures AB (XIRIS Group), a venture studio investing in and building technology companies focused on AI and 5G, has acquired Companion Augment Solutions AB (Companion), a company digitalizing the luxury product industry.
“We believe Companion has an opportunity to disrupt the luxury product industry by combining digitalization with unique design and form,” said Per Bystedt, CEO of UX Ventures AB.
With Companion, UX Ventures can promote synergies with UXstream allowing UXstream to test its technology in a new vertical.
“This will give Digital Luxury the resources needed and reduce time to market for our first product.” Said Thomas Eriksson, founder and CEO of Companion.
About Companion
Companion was founded by Thomas Eriksson, co-founder and previously CEO of NASDAQ-listedNeonode Inc. (NEON: NASDAQ). They are developing a high-end digital watch under the brand Platonum, with its first product, a luxury watch, expected to launch in Q1 2023. Companion is a spin-off from UXstream AB, also acquired by UX Ventures.
Deep Augment™ Solutions
Companion is launching the world's first Deep Augment™ Solution. A cutting-edge real-time streaming technology that allows even the smallest device to access the massive computing power that comes with scale.
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Multi-billions are invested annually in researching high-speed infrastructures, such as 5g and 6g. The progress in this field has created a significant demand for applications, software, and devices that take advantage of this infrastructural revolution.
XIRIS Group, part of UX Ventures AB, look to capitalize on this ongoing infrastructural revolution and invest in innovative companies benefitting from Mobile Interactive Real-time Streaming (MIRS™).
MIRS™ will make everyday life more flexible by allowing close to infinite real-time supercomputer processing power, memory, and storage at any time and place. We bring any app to any device.
Through expertise and synergies within our group, we aim to enable new user experiences by producing products and applications never seen before.
XIRIS Group (UX Ventures AB) has a combined 60+ years of deep domain expertise in mobile technology and micro-electronics. Our co-founder, Thomas Eriksson, changed the game for mobile devices in 2004 when his former company Neonode released the first touchscreen phone and patented gesture and swipe technology for mobile interfaces. These innovations have revolutionized how we interact with technology.
