RealWear Raises $17M in Series A Funding

RealWear, a Vancouver, Wash.-based developer of AR wearable designed for extreme industrial environments, raised $17M in Series A funding.

The round was led by Columbia Ventures Corporation.

The company intends to use the funds to accelerate production and meet global demand for HMT-1.

Led by Andy Lowery, Co-founder and CEO, RealWear provides the HMT-1® device, a fully voice-controlled ultra-rugged wearable device using augmented-reality (AR) for noisy industrial environments including oil and gas, telecommunications, utilities and manufacturing. HMT-1 is an AR-enabled wearable device offering remote mentor video calling, document navigation, guided workflow, mobile forms and industrial IoT data visualization. The HMT-1 has a hands-free, voice-controlled user interface, provided in 10 languages, allowing workers to operate the tools and equipment needed for the job.

Since formation in 2016, the company has already taken its prototype to beta product release in 8 months, moved from beta to mass production in 6 months, shipped thousands of units to more than 200 global customers, and developed 75 partnerships with software and services providers.

RealWear is led by Lowery, President & Chief Product Officer Sanjay Jhawar, Chief Technology Officer Dr. Chris Parkinson, Chief Revenue Officer Brian Hamilton and VP of Industrial Design & Human Factors Stephen Pombo.



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