How Augmented Reality Fits into IoT Enterprise Solutions

Last year, we decided to add the German IoT company TeamViewer (TMV.F) to our Disruptive Tech Portfolio. It scratched all of the right itches – highly profitable with a 100% subscription model, crazy growth across different metrics, strong regional diversification, and foreign currency exposure. (It also doesn’t suffer from the ARK effect.) Its connectivity platform offers a suite of solutions that enable customers to remotely access, control, manage, monitor, and repair devices of any kind, from laptops and mobile phones to industrial machines and robots. We also like the fact that the company is integrating augmented reality into its IoT enterprise platform, adding a German AR applications startup to its portfolio in 2020. 

TeamViewer continued to build that part of the business in 2021, acquiring a U.S.-based AR startup, Upskill, this month. As investors, we want to understand the value t