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Sphere isn't accepting new investments

Sphere’s deadline was November 17, 2024

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Sphere

Augmented reality software for collaboration, used by leading enterprises
SaaS AR/VR Deep Tech AI & Machine Learning
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Featured image of Sphere
$231,865
Raised
66
Investors
Successfully funded and closed on November 17, 2024.
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Open for investment

Investors in Sphere also invested in these companies. View more
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ASM Capital...

Funding the emergence of American Single Malt

Capital R · Reg D 506(c)
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Pitch Updates 13 Reviews 7
Questions?
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Closed on November 17, 2024. Information may not be up-to-date. Campaign closed on November 17, 2024. Information displayed may not be up-to-date.
Opportunity Product Traction Biz. model Vision and strategy Leadership
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Sphere Technology Holdings, Inc. . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Sphere SAFE Sphere Technology Holdings Form C.pdf
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Hear from some of the 66 investors in Sphere


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Highlights


  • Raised $8M from Series A in early 2022
  • Targeting the XR market ($472B by 2029) & AI market ($407B by 2027)
  • 40+ businesses using Sphere, including Pfizer, Volkswagen, Micron, and more
  • $1.4M revenue in 2023; on pace for 93% growth in 2024
  • Device-agnostic, compatible with Meta Quest 3, Apple Vision Pro, and more
  • Industries: aerospace, defense, manufacturing, healthcare and education


Opportunity


Supercharging Productivity with Spatial Collaboration

Current remote work solutions often force a harsh trade-off: absorb high costs and travel time for in-person meetings, or settle for limitations of video conferencing tools.

Imagine millions lost in downtime waiting for on-site experts, or the logistical nightmare of scheduling complex training. Even simple design reviews that can be solved in a quick session necessitate costly travel for physical prototypes.

Legacy video conferencing tools simply don’t cut it. Confined to a flat screen that's lacking hands-free operation, and plagued by awkward muting/unmuting, they hinder natural communication and focus. Participants can easily disengage, leaving critical discussions unsucessful. Yet, 64% of workers would quit if asked to return to the office full-time.

Sphere offers a better alternative: working together virtually as if you're in the same physical space, while utilizing the entire environment as a canvas to foster a natural and engaging experience.

Sphere Modernizes Coworking to Transform Enterprise Operations

Sphere’s XR software brings the speed, power and deep insights offered by technology into the physical world where humans most naturally interact.

XR's True Potential is Unlocked Through Collaboration 

The company sets itself apart by delivering purpose-built enterprise XR deployments that truly unlock value.  Sphere's platform creates powerful network effects by being a spatial, multi-user knowledge hub. This approach has attracted leading global companies who are now poised to scale their businesses with Sphere's powerful solutions. 

Fortune 500 companies trust Sphere to future-proof their businesses. Its cutting-edge technology is proven to boost their bottom line, ensuring they stay ahead of the competition. 

Product


Giving AI "Eyes and Ears" Through XR

The iconic birth of advanced computing with humanized interactions: voice, sight, and gestures 

Until recently, artificial intelligence (AI) – the 21st century’s productivity powerhouse - has been constrained by 20th century, text-based interfaces. Now, Sphere is offering a multi-model, context-dependent input system to AI. 

Why? Firstly, because it's the most natural way to interact with the technology. But also, it provides AI with unparalleled contextual understanding of the users' physical environment, which leads to revolutionary applications — in other words, XR behaves as the "body" and AI as the "brain".

Sphere has secured buy-in from Fortune-500 customers, solidifying the value proposition of this groundbreaking functionality.

Plus, they are teaming up with key collaborators to supercharge market adoption. This includes a strategic partnership with AWS to integrate their powerful Amazon Q technology – a specialized “Chat-GPT” designed for enterprises that offers a direct and secure integration with internal data streams.

This groundbreaking feature doesn't just enhance existing XR use cases, it unlocks entirely new and unimaginably powerful possibilities.

Example Use-Cases:

Real-Time Equipment Servicing

Using Sphere's AI-Copilot, users can simply look at equipment to trigger maintenance workflows, without manual selection. This saves time, effort, and reduces the risk of human error. The integration can also provide more comprehensive and up-to-date information about the equipment or task at hand to factor in context and offer intelligent suggestions, thereby streamlining the servicing process.

Design Review

Sphere's AI-Copilot can expedite design reviews by instantly tapping into enterprise and global data resources, providing real-time responses. Moreover, designers can seamlessly fine-tune assets using spoken instructions, enabling exploration of aspects like color, texture, size, and proportions, all while witnessing real-time, true-to-life 3D model adjustments within natural surroundings. Effectively functioning as an additional team member or thought partner, the integration can proactively identify design disparities and offer alternatives early in the design review cycle, curtailing cost overruns and expediting product launches.

Business Workshops

Engaging in conversation within Sphere's XR environment, the AI-Copilot seamlessly integrates with teams in their natural space, while offering unparalleled access to a virtually limitless wealth of information. It ushers in a revolution in XR-powered meetings by acting as a real-time knowledge catalyst, instantly supplying critical insights and information to participants, thereby promoting well-informed discussions and decision-making. 

Remote Expert Assistance

With the introduction of the AI-Copilot within Sphere, employees gain the ability to effortlessly contact a relevant expert (inside or outside the organization) by simply articulating the nature of their predicament, while also being able to proactively share pertinent information with the expert prior to the call, expediting problem-solving and minimizing costly downtime.

Traction


Well-Positioned for Future Expansion


Sphere Has Mastered the Key Ingredients for Scalable XR Deployments

Sphere's Partner Program Fuels Growth and Unlocks Exciting Opportunities

Alliance PartnersChannel Partners

  • Most prominent companies moving the XR category forward
  • Collaborating on product and GTM fronts

  • Reselling Sphere to customers of all sizes and across verticals
  • Network of system integrators enables customers to extend our turnkey capabilities via custom backend integrations

Business model


A Robust Business Model

SaaS SubscriptionPartner / Reseller Program
  • Sphere usage fee per user/per month
  • Platform fee & 3D asset converter per company/per month
  • Margin on channel sales
  • Upfront & ARR from Sphere Device Partner Program

Vision and strategy


Sphere's Collaborative Funding Strategy

Sphere's successful $8M Series A raise solidified the company's position as a leading force in the XR industry. Leveraging their momentum, the team is seeking additional funding to accelerate development of Sphere's groundbreaking AI initiative, positioning the company to achieve its ambitious revenue projection.

Leadership


Sphere's Powerhouse Leadership Team Brings Diverse Experience and the Vision Needed to Lead Sphere to Market Dominance.

Deal terms


Valuation cap
$60M
The maximum valuation at which your investment converts into equity shares or cash.
Learn more.
Deadline
November 17, 2024
Sphere needs to reach their minimum funding goal before the deadline (). If they don’t, all investments will be refunded.
Learn more
Maximum investment
$200K
The largest investment amount that Sphere is accepting.
Learn more
Minimum investment
$250
The smallest investment amount that Sphere is accepting.
Learn more
Security type
SAFE
A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event.
Learn more
Nominee Lead
Chief Executive Officer (Currently Sven Brunner)
Logo of Sphere
Sphere
Augmented reality software for collaboration, used by leading enterprises
Promo period Valuation cap
Aug 5 — Sep 10 $50M
Sep 10 — Nov 17 $60M
Close
How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Sphere Technology Holdings, Inc. . View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Sphere SAFE Sphere Technology Holdings Form C.pdf

Bonus perks

In addition to your SAFE, you'll receive perks for investing in Sphere.
Invest
$2,500
Receive
  • Remote private demo with senior member of the Sphere team
Invest
$6,000
Receive
  • In-person demo with Sphere team member (must be in New York City, San Jose, San Francisco, Los Angeles, Toronto, Vancouver, Paris or Zurich)
Invest
$15,000
Receive
  • Get a Quest 3 with Sphere's app pre-loaded, plus you'll also receive a quarterly newsletter that offers an exclusive first look at major milestones on Sphere's roadmap and what's next in XR
Invest
$30,000
Receive
  • Get an Apple Vision Pro, plus you'll also receive a quarterly newsletter that offers an exclusive first look at major milestones on Sphere's roadmap and what's next in XR
Invest
$50,000
Receive
  • You'll receive quarterly investor updates, as well as an invite to a private cocktail/tapas party with all of our top investors
Invest
$150,000
Receive
  • You'll receive quarterly investor updates and be flown to the Sphere office of your choice (San Jose or Zurich). This will also include a two-night hotel stay. During this trip, you'll get a private demo with a senior team member, and the opportunity to meet the local team

About Sphere

Legal Name
Sphere Technology Holdings, Inc.
Founded
Feb 2022
Form
Delaware Corporation
Employees
11
Website
sphere.tech
Social Media
Headquarters
Google Map location of of Sphere
333 West San Carlos Street , San Jose, CA
Headquarters
333 West San Carlos Street, San Jose, CA, United States 95110

Sphere Team
Everyone helping build Sphere, not limited to employees

Profile picture of Sven Brunner
Sven Brunner
Founder & CEO
Renowned leader in the XR community (ex Disney Research)
Profile picture of Colin Yao
Colin Yao
CTO
11+ years of software engineering and leadership experience (ex Magic Leap)
Profile picture of Jessica Gyles
Jessica Gyles
Head of Operations
10+ years of experience in various human resources, operations, and strategy roles
Profile picture of Jason Lee
Jason Lee
Head of Sales
20+ years of enterprise software sales experience (ex TIBCO ex IFS)
Profile picture of Leon Laroue
Leon Laroue
Head of Partnerships
9+ years leading product strategy for major XR companies
Profile picture of Alexandra Corey
Alexandra Corey
Head of Marketing
10+ years of marketing leadership and founder experience, 2 successful exits
3 more team members
Sven Brunner
Founder & CEO
Colin Yao
CTO
Jessica Gyles
Head of Operations
Jason Lee
Head of Sales
Leon Laroue
Head of Partnerships
Alexandra Corey
Head of Marketing

Press

Lenovo ThinkReality Unleashing the Power of Collaboration...
YouTube YouTube
·
Jan 25, 2024

Lenovo ThinkReality is building XR solutions with Sphere's industry-leading application and tapping into the award-winnin...

Learning the Immersive Way, with ThinkReality and Sphere ...
XR Today XR Today
·
Aug 8, 2023

Lenovo ThinkReality and Sphere have created an enterprise-ready training and workflow solution, ready to implement and sc...

Revolutionizing Manufacturing with Sphere and Amazon Look...
Amazon Web Services Amazon Web Services
·
Jul 13, 2023

Sphere and Amazon Lookout for Vision are revolutionizing the way that high-value equipment and machines are assembled, ma...

The Future of Immersive Collaboration to be Unveiled at t...
GlobeNewswire News Room GlobeNewswire News Room
·
Feb 27, 2023

On March 30th, 2023, Sphere Technology Holdings, Inc. will host a legendary evening at the San Francisco SwissNex venue, ...

Sphere, Extended Reality Software for Enterprise, Elimina...
Yahoo Finance Yahoo Finance
·
Jan 23, 2023

Sphere, formerly holo|one, announces its latest software release with tools that will change the game in extended reality...

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Sphere

Sphere successfully raised $231,865 from 66 investors on November 17, 2024
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