Boeing Invests in VR and 360-Degree Video Firm C360 Technologies

Boeing’s Horizon X program was launched back in May to provide funding to innovative and disruptive technologies. One of its first recipients was an augmented reality (AR) firm, and the company is seemly continuing with its interest in virtual reality (VR) and AR companies with the investment in C360 Technologies.

Pittsburgh-based C360 Technologies is focussed on broadcast-quality solutions for VR and 360-degree video experiences, and have worked with FOX Sports to provide online telecasts of various sporting events, such as the MLB All-Star Events and the 2017 Daytona 500.

“Our C360 investment is a powerful example of how HorizonX can access rapid advances in innovation outside aerospace and bring them to our Boeing customers,” said Steve Nordlund, Boeing HorizonX vice president. “Putting additional capital to work and linking C360’s innovators with our Boeing teams allows us to accelerate new solutions, while providing new market access for C360. It’s a win-win — especially for our customers.”

“Since the inception of our company, we’ve been fortunate to work with some of the best organizations in the world, integrating C360’s technology into sports telecasts viewed by international audiences,” said Evan Wimer, CEO of C360 Technologies. “It’s extremely gratifying that Boeing HorizonX has recognized our contributions within the sports broadcasting industry, and at the same time envisions how C360 could be utilized in future Boeing applications. We’re confident that Boeing’s investment into C360 will propel and inspire us to further advancements in the 360 VR/AR industry.”

Boeing are said to be looking as possible aerospace applications for C360 Technologies VR and 360-degree video platform, which may include improved autonomous systems and technical training.

VRFocus will continue to provide news on developments within the VR industry.

New Boeing Innovation Group Provides Upskill Funding

Aerospace company Boeing have formed a new group called Boeing HorizonX, with aims of investing in companies that are working on innovative and disruptive technologies and business models than can change the face of the aerospace industry.

One of Boeing HorizonX’s first investments is in Upskill, a company that provide wearable augmented reality (AR) technology. Boeing have worked with Upskill for over two years to evaluate the potential of the technology, which Upskill claim can enhance productivity and safety in manufacturing.

“Our ability to identify, shape and harness game-changing innovations wherever they are developed is key to sustaining and growing our leadership in aerospace,” said Dennis Muilenburg, Boeing chairman, president and CEO. “Boeing HorizonX is tasked with ensuring we are fully engaged with opportunities from early-stage companies, market trends and emerging technologies while also fostering more rapid and effective internal innovation.”

 

Boeing is now one of Upskill’s largest customers and has deployed Upskill’s AR glasses and Skylight software platform in multiple locations. In one deployment area, there was 25% improvement in production time and product quality.

“Upskill was a priority investment for our newly formed Boeing HorizonX group, as it puts into action our desire to harness innovative technology to drive efficiency, reduce cost and improve quality in our manufacturing as well as clearly having broad application and growth potential across industries,” said Steve Nordlund, vice president for Boeing HorizonX. “We have first-hand experience on the value of Upskill’s Skylight platform and believe the company’s technology will sharpen and accelerate our pace of progress on key growth and productivity efforts, while we help evolve and enhance Skylight through real-world manufacturing applications.”

 

The formation of Boeing Horizon X falls in line with Boeing’s aims of investing in innovative technology and seeking new business opportunities and strategies.

VRFocus will continue to report on new applications and investments in AR and VR technology.