RealWear, Inc., the knowledge transfer and training platforms for the connected worker, has recently announced an $80 million Series B financing round. RealWear will use the funds, which are a combination of equity and debt, to continue market expansion and accelerate its platform development. RealWear teamed with JPMorgan Chase & Co. to architect an investment syndicate led by Teradyne, Inc. (TER), the industrial automation and includes Bose Ventures, Qualcomm Ventures LLC (QCOM), Kopin Corporation (KOPN), and investors from JPMorgan’s (JPM) Private Bank.
From its inception, RealWear has focused on products that are specifically designed for the connected enterprise workforce to improve job satisfaction, productivity and, most importantly, safety. Its industrial hands-free wearable computers enhance, rather than diminish, a worker’s situational awareness while delivering vital information on-demand in the harshest of environments.
RealWear achievements in the last 18 months include:
RealWear Co-Founder and CEO, Andy Lowery, said RealWear used this same pragmatic philosophy in its fundraising strategy. “Our seed investments came from friends, family, early customers, suppliers, and business partners. Their faith carried us to our Series A, led by Columbia Ventures Corporation. CVC’s experience in heavy industry, one of our primary markets, made it a perfect match.”
Lowery continued: “It was critical that RealWear’s new investors be business and technology leaders. Teradyne, Bose Ventures, Qualcomm Ventures, and Kopin fit that bill.”
RealWear’s Series A lead, CVC, and many early seed investors have taken this opportunity to increase their investments in Vancouver, Washington based RealWear. Mr. Lowery concluded, “The continued support of our ecosystem is tremendously gratifying for the entire RealWear team.”
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