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Realwear Raises $23.5M To Turn Successful Industrial Wearable Into High Growth Assisted Intelligence Platform Business

Jun 01, 2022•about 3 years ago

Amount Raised

$23.5 Million

Santa Clara

Description

At Augmented World Expo (AWE), RealWear, the world's leading provider of assisted reality solutions for frontline industrial workers, today announced that it closed its Series C for $23.5M. Led by Foundry Group, the new raise enables RealWear to shift and expand from a hardware-centric to a platform-centric company, creating even deeper connections to, and value for, its global customers.

Company Information

Company

Real Wear

Location

Santa Clara, California, United States

About

The company has shipped wearable devices to thousands of enterprise customers worldwide in a range of industries, including Energy, Manufacturing, Food & Beverage, Automotive, and Telecommunications. Led by Foundry Group, the new raise enables RealWear to shift and expand from a hardware-centric to a platform-centric company, creating even deeper connections to, and value for, its global customers. RealWear Navigator™ 500 is the company’s latest industrial strength assisted reality wearable with a revolutionary modular design" RealWear will introduce the vision for Assisted Intelligence for the first time at AWE. RealWear is field proven with world-class customers, including Shell, Goodyear, Mars, Colgate-Palmolive, and BMW, who use it to improve workplace safety while delivering unprecedented ROI.RealWear is headquartered in Vancouver, Washington in the United States, with local offices in the United Kingdom, Singapore, Germany, Australia, the Netherlands, and Japan, along with a new customer experience center in Dubai.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech