Author: Service in Industry Hub

TechSee raises $30 million to streamline field service work with AR and computer vision | Venture Beat

TechSee , which describes itself as an “intelligent visual assistance” company, today closed a $30 million investment round. A spokesperson for the startup says the capital injection will be used to enter new markets and verticals while expanding TechSee’s product offerings and capabilities. The augmented reality market is estimated to grow from $10.7 billion in 2019 to $72.7 billion by 2024, according to a recent Markets and Markets report . At least a portion of that growth has been driven by field service applications.

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Munich Re Forms Partnership to Help Create ‘Pay-Per-Part’ Model for Manufacturers | Insurance Journal

The TRUMPF Group and Munich Re Group are entering into a strategic partnership for a “pay-per-part” business model, which enables customers to use a full-service laser machine without having to buy or lease any equipment. Instead, customers pay a previously agreed price for each cut sheet metal part – in other words, they only pay for what they need

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