Realwear Acquires Genba Ai, Marking Realwear's Shift To Becoming A Platform-First Business, Adds To Series C Funding By $1.5M
Realwear Acquires Genba Ai, Marking Realwear's Shift To Becoming A Platform-First Business, Adds To Series C Funding By $1.5M
06/09/22, 11:00 AM
Location
santa claraRound Type
series c
RealWear, the world's leading provider of assisted reality solutions for frontline industrial workers, acquired Genba AI and received $1.5M of additional investment from Fortive Corporation. The move opens new industrial channels for RealWear to serve the industrial manufacturing maintenance market with cutting-edge voice-enabled software that captures critical knowledge for maintenance technicians and supervisors and, along with the current RealWear partner ecosystem, helps drive its assisted intelligence vision further, including the delivery of contextual data, tools, software and metrics to aid frontline operations and IT.
Company Info
Location
santa clara, california, united states
Additional Info
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.