RealWear, the world’s leading provider of assisted reality solutions for frontline industrial workers, announced that it closed its Series C for $23.5 Million. 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.
“The funding marks the next stage of growth for the business, as we provide technology for frontline workers toward a vision of assisted intelligence where contextual data for the frontline leads to better decisions, ultimately improving operational productivity and safety,” said Andrew Chrostowski, Chairman and CEO, RealWear. “In addition to building new hardware, we will use these new funds to grow a unified software and services platform across our human-centric wearable products. Expect more game-changing tech to come.”
Currently, 41 of Fortune 100 companies are using RealWear devices for business resiliency, productivity, training and employee engagement including Mars Petcare, Goodyear, Colgate-Palmolive and ExxonMobil. RealWear partners will be able to tie into our cloud systems to improve their understanding of app performance and aggregate device utilization.