RealWear, a Vancouver, Washington-based the world's leading provider of assisted reality solutions for frontline industrial workers, announced that it closed its Series C for $23.5M. to turn successful industrial wearable into high growth assisted Intelligence platform business
The round was led by Foundry Group with participation from Qualcomm Ventures, Kopin, and Columbia Ventures Corporation.
The company intends to use the funds to grow a unified software and services platform across its human-centric wearable products.
Company: RealWear, Inc.
Round: Series C
Funding Month: June 2022
Lead Investors: Foundry Group
Additional Investors: Qualcomm Ventures, Kopin, and Columbia Ventures Corporation.
Company Website: https://www.realwear.com/
Software Category: Assisted Intelligence Platform
About the Company: RealWear® is the world's leading provider of assisted reality wearable solutions that engage, empower, and elevate the modern frontline industrial worker to perform work tasks more safely, and with increased efficiency and precision. RealWear gives these workers real-time access to information and expertise while keeping their hands and field of view free for work. 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. RealWear's number one position was further strengthened with triple (3X) year-over-year growth in 2020.