ARWAY

ARway Corp. is a publicly traded company specializing in augmented reality and spatial computing. The company, founded in 2018 by Baran Korkmaz and Nikhil Sawlani, operates as a subsidiary of Nextech3D.ai, which holds a majority stake. The current CEO, Evan Gappelberg, is a seasoned entrepreneur with a background in capital markets and has led multiple technology companies to public listings. ARway itself was acquired by Nextech in August 2021 and subsequently spun out as a pure-play public company in October 2022, listing on the Canadian Securities Exchange (CSE: ARWY), the OTCQB Venture Market (OTCQB: ARWYF), and the Frankfurt Stock Exchange (FSE: E65).

The core of ARway's business is a no-code platform for creating, managing, and deploying AR experiences within indoor environments. This technology addresses the challenge of indoor navigation where traditional GPS is ineffective. The platform enables clients to transform 2D floor plans into interactive 3D spatial maps, or digital twins, without requiring specialized hardware like beacons or scanners. These digital environments can then be populated with AR content such as turn-by-turn navigation, virtual tours, notifications, and gamified experiences. The system is designed for cross-platform functionality, compatible with both iOS and Android mobile devices, as well as AR glasses like Apple's Vision Pro and Microsoft's HoloLens.

ARway's revenue model is primarily based on Software-as-a-Service (SaaS) subscriptions, which transitioned in August 2023 to capture a wider market. The company offers a tiered pricing structure that includes free starter plans for students and developers, as well as partner and corporate plans with annual licensing fees ranging from $5,000 to over $250,000. This model targets a diverse client base, including airports, universities, museums, retailers, and corporate campuses, aiming to enhance visitor experiences and improve operational efficiency. In May 2024, ARway completed an all-stock acquisition of Map Dynamics, an event technology platform, a move intended to enhance its product offerings and revenue streams. Following the acquisition, the company reported significant revenue growth. Keywords: spatial computing, augmented reality, indoor navigation, wayfinding, no-code platform, AR SDK, digital twin, AR marketing, location-based AR, SaaS, public company, computer vision, visual marker tracking, AR for events, AR for retail, AR for museums, AR for airports, mobile AR, AR glasses, Evan Gappelberg, Nextech3D.ai, CSE: ARWY, ARWYF