The robotics industry is quickly becoming one of the most lucrative markets around. A $15 billion industry in 2010 which is projected to spike up to $67 billion by 2025
Digital media is forecasted to become the biggest media category by 2017.
Worldwide ad spending will reach $719 billion by the end of 2019. This growth is mainly propelled by increased investments in digital advertising. North America has the highest ad spending worldwide, with $192 billion predicted in 2016. However, by 2019 Asia-Pacific will overtake North America as the leading advertising market by $1.35 billion.
Apple may have Siri and Amazon have their Kiva robots, but we have Kate (K8)!
The media industry is currently experiencing a major paradigm shift; technology, timing and automation play an increasingly more important role in customer acquisition. lighthouse8 has developed two different proprietary software solutions, Illume and Ignite, for automating marketing campaign management and media buying.
Finalist for the SmartCompany Smart50 awards for Fastest Growing Company and Top Digital Innovator.
Since our launch in 2013, we have experienced 75% year-on-year annual revenue growth. An increasing proportion of this revenue is moving towards technology and license fees. The company finalised a seed round of $750,000 in 2015 to support the increased focus on technology development. The development of the Ignite and Illume technologies is currently co-funded by the Norwegian government’s technology fund, Innovation Norway.
To support our international expansion and technology development we’re raising capital for our Series A
This will allow the company to further expand its geographical footprint in the APAC markets as well as continued development of the K8 robot technology. Innovation Norway is expected to continue supporting the company with further funds in 2016/2017.