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WIXOM, Mich., July 8, 2021 /PRNewswire/ -- LightGuide, Inc., the leading projected augmented reality (AR) software platform that transforms manual assembly and manufacturing processes for companies worldwide, today announced that it has raised a $15M Series B financing led by G2 Venture Partners, with continued participation from Capital Midwest Fund and Michigan Capital Advisors.

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LightGuide, Inc. uses proprietary software and high-powered projector systems to guide and confirm the completion of complex tasks. From assembly to quality control and training, LightGuide, Inc. technology provides the visualization, traceability, and flexibility demanded by leading companies worldwide. Key industries include aerospace, agriculture, automotive, energy, heavy equipment, and medical. LightGuide, Inc. is headquartered in Wixom, Mich., and has a European location in the Czech Republic.

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"LightGuide is the clear leader in projected AR solutions for industry," said Daniel Oros, partner at G2. "Their innovative products are used today across a diverse set of customers, and for each one, they deliver great value by allowing employees to operate more efficiently, safely, and with higher quality. We look forward to being a part of the LightGuide journey as they digitally transform complex manual assembly."

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LightGuide's patented Industry 4.0 technology dramatically standardizes and improves any manual process by projecting virtual step-by-step instructions onto an employee's work surface. This visual and intuitive light guidance provides immersive, "No Faults Forward" process control through defect prevention and traceable analytics. It is the right information, at the right time, in the right place to ensure processes are completed safely, correctly, and efficiently.

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At G2 Venture Partners, we invest in emerging technology companies that digitize traditional industries and drive market transformations. Tapping into global industries from transportation, energy and agriculture to manufacturing and logistics, G2 was founded around a multi-trillion dollar trend: the digitization of industry. As this trend takes root, and industries worldwide transition from traditional analog to digital processes, G2 sees tremendous opportunity for value creation, economic growth, and sector disruption. By aligning companies, purpose and profit, we aim to unlock previously unidentified paths to sustainability and resource efficiency. Learn more at g2vp.com.

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Today, LightGuide works with a variety of leading automotive, aerospace, heavy equipment, agricultural equipment producers, and distribution companies, as well as in the healthcare field, to solve a growing variety of challenges. Key clients include world-class manufacturing companies such as GE, Bosch, Caterpillar, Magna, and JR Automation.

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A novel geometry for a six degrees of freedom (6DOF) unmanned aerial vehicle (UAV) rotary wing aircraft is introduced and a flight mechanical analysis is conducted for an aircraft built in accordance to the thrust vectors of the proposed geometry. Furthermore, the necessary mathematical operations and control schemes are derived to fly an aircraft with the proposed geometry. A system identification of the used propulsion system with the necessary thrust reversal in the form of bidirectional motors and propellers was conducted at a whirl tower. The design of the first prototype aircraft is presented as well as the first flight test results. It could be demonstrated that an aircraft with the thrust vectors oriented according to the proposed geometry works sufficiently and offers unique maneuvering capabilities that cannot be reached with a conventional design. The biggest limiting factor could be identified to be the latency resulting from the time needed to reverse the direction of rotation of the bidirectional propellers. Special operational handling considerations for a manually flown 6DOF vehicle are summarized, and different approaches to control such a vehicle are described. Different mission scenarios and applications for a single aircraft in this design are concluded. Due to the symmetrical properties of the proposed geometry, several aircraft can also be connected at different orientations in flight. Consequently, the possibilities of docking in midair are illustrated, and possible mission scenarios for a group of aircraft, working together collaboratively, are presented. Especially when operated autonomously in a group of aircraft, new possibilities evolve from the capability of the proposed geometry to bond in different orientations.

This investment will combine G2's focus on investing in the digitization of industrial markets with LightGuide's proven and practical AR software platform to further accelerate LightGuide's worldwide growth. Core initiatives for the company include expansion of its global sales and support network to meet the rapidly growing demand for AR work instructions and continued R&D in its cloud infrastructure and software suite.

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"LightGuide is bridging the gap between Industry 4.0 technology and the best of human intelligence, expanding and empowering the worldwide manufacturing workforce," said CEO and founder Paul Ryznar. "We are honored to have G2 join our existing investment team of Capital Midwest Fund and Michigan Capital Advisors to further advance this goal. Together, we will help more industrial manufacturers benefit from digital transformation that simplifies complex work and provides greater operational excellence."