RealWear, Inc., a Vancouver, Wash.-based provider of knowledge transfer and training platforms for the connected worker, raised an $80m in Series B equity and debt financing round.
The round was led by Teradyne, Inc. (TER), with participation from Bose Ventures, Qualcomm Ventures LLC (QCOM), Kopin Corporation (KOPN), and investors from JPMorgan’s (JPM) Private Bank.
The company intends to use the funds for continued market expansion and platform development.
Led by Andy Lowery, RealWear is a knowledge transfer platform company providing in-situ information and in-the-field training with software and hardware to allow people improve safety and increase productivity at work. The company’s flagship product, the HMT-1®, is a ruggedized head-mounted, wearable, Android-class tablet computer that frees a worker’s hands for dangerous jobs. With 120+ workforce software applications, enterprise customers gain knowledge with remote mentor, document navigation, industrial IoT visualization and digital workflow solutions.
in the last 18 months, RealWear has shipped 15,000+ HMT systems to 1,300+ enterprise customers globally.