$23.5M Series C financing was closed by RealWear, a Vancouver-based company Providing assisted reality solutions to frontline workers.
Foundry Group led the round with participation by Kopin, Qualcomm Ventures and Columbia Ventures Corporation.
The company plans to use the funds for the development of a single software and services platform that will be used across all its human-centric wearable products.
RealWear, headed by Andrew Chrostowski (CEO), is a provider for assisted reality wearables that empower, empower, and raise the industrial worker’s ability to do their work with precision. This company provides workers with real-time information and expertise. Workers can also keep their eyes open for work. At the end of last year, RealWear launched its next-generation assisted reality device, RealWear Navigator™ 500, which is the first commercially available head-worn device with a modular design. The company has shipped wearable devices to thousands of enterprise customers worldwide in a range of industries, including Energy, Manufacturing, Food & Beverage, Automotive, and Telecommunications. Shell, Goodyear and Mars are just a few of the customers. They use it to increase safety at work while also delivering a remarkable ROI.
RealWear has also established new customer service centers in Dubai, Australia, Singapore, Germany and Australia.