Augmodo Raises $21M Series B at $350M Valuation

Augmodo, a US-based startup that develops AI-powered wearable technology to assist physical workers, has secured $21 million in a funding round, bringing its valuation to $350 million. The company is known for its AI-powered cameras that track store shelves and assist retail employees, and this new capital will support its expansion into industries including manufacturing and automotive.

Investors

This round was led by TQ Ventures.

Augmodo Use of Funds

Augmodo plans to use the capital to aggressively expand its global enterprise footprint, invest further in its core AI models, and scale its engineering team to accelerate its transition into new sectors beyond retail.

About Augmodo

Founded by Ross Finman, Augmodo creates physical AI assistants designed to enhance the capabilities of the physical workforce. The company uses egocentric data to provide real-time intelligence for workers handling tasks in dynamic environments, aiming to augment human productivity rather than replace it.

Funding Details

Company Website: https://augmodo.com

Company: Augmodo
Raised: $21M
Round: Series B
Funding Date: July 2026
Lead Investor: TQ Ventures
Software Category: Artificial Intelligence
Source: https://retailtechinnovationhub.com/home/2026/7/13/augmodo-bags-21-million-in-funding-to-takes-its-ai-powered-offering-beyond-retail-stores