RealWear Lands $80 Million for It’s Connected Safety Wear

Proclaiming his company is “here to stay,” RealWear CEO Andy Lowery announced his company just landed new funding.

The startup netted $80 million in Series B funding, bringing its total funding up to $100 million to date. JP Morgan Chase & Co. led the funding, joined by Teradyne, Inc., Bose Ventures, Qualcomm Ventures LLC, Kopin Corporation and investors affiliated with JPMorgan’s (JPM) Private Bank.

“Our seed investments came from friends, family, early customers, suppliers and business partners,” said Lowery in a statement explaining how investors went to bat for the company. “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.”

RealWear is a knowledge transfer platform company that uses software and hardware combined with on site training and data to help workers improve safety and productivity. It’s HMT-1 is an Android powered, rugged, hand-mounted, wearable tablet that frees worker’s hands to perform dangerous jobs. RealWear has an ever-growing number of hands-free software solutions, enterprise customers gain instant knowledge with remote mentor, document navigation, industrial IoT visualization and digital workflow solutions.

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