Augmentir, Inc., a Horsham, PA-based artificial intelligence-based connected worker software provider, secured $7.5 million in Series A financing.
The round was led by Gardner Lewis Asset Management, with participation from Lerer Hippeau, Pritzker Group Venture Capital, and HOLT Ventures.
The company will use funds to grow its team and to expand its leadership position in delivering performance support for industrial frontline workers including manufacturing, construction, utilities, oil and gas, mining, and field service industries.
Company: Augmentir, Inc
Raised: $7.5M
Round: Series A
Funding Month: November 2021
Lead Investors: Gardner Lewis Asset Management
Additional Investors: Lerer Hippeau, Pritzker Group Venture Capital, and HOLT Ventures
Company Website: https://www.augmentir.com/
Software Category: AI-Powered Connected Worker platform
About the Company: Led by Russ Fadel, Co-founder, and CEO, Augmentir is the world’s only AI-Powered Connected Worker platform. Augmentir helps manufacturing and service companies improve the safety, quality, and productivity of their frontline workforce. Augmentir provides a suite of AI-powered connected worker tools for industrial companies to understand their diverse workforce at an individual level, and reduce the effort it takes to onboard, guide, and support their workforce. Companies in manufacturing, service, energy, and construction leverage Augmentir’s AI in conjunction with the platform’s digital workflow and remote collaboration capabilities to optimize their frontline operations and deliver significant growth and continuous improvement in the areas of performance support, training, and workforce development.
Source: https://www.finsmes.com/2021/11/augmentir-raises-7-5m-in-series-a-funding.html