Augmate (http://www) Increased Com), a wearable technology software startup specializing in smart eyewear strategy, development and deployment of enterprise apps, announces that it has raised $2. $8 million in seed funding Led by Tim Draper, with the participation of UPS Strategic Enterprise Fund, Siemens Venture Capital, Simon Venture Group, Rothenberg Ventures, Excell Partners, Camp One Ventures, FP Angels and a consortium of angel investors, Augmate’s new capital will further transform the way people work through the adoption of wearable applications in the workplace. Augmate, which currently provides companies with developer tools through its device-agnostic SDK and data visualization platform Insights, is also launching its pilot enterprise consulting arm: InnoVision. This initiative sets out a strategic path for businesses to evaluate, validate, pilot and scale wearable technologies in real-world environments.
‘Industries including manufacturing, warehousing, logistics and retailing remain bogged down by legacy systems and bulky hand-held devices,’ says Drew Austin, co-founder and COO of Augmate. ‘We are here to help them realize the inherent benefits of wearable technology by providing enterprise apps designed for smart eyewear, powered by the intelligence of sensors in the workplace. Our new InnoVision consulting service facilitates the development of smarter businesses for our partners and the businesses we serve. ”
‘Augmate shares our vision of how technology and wearables can transform the workplace,’ said Tim Draper, founding partner of Draper Associates and DFJ Ventures. ‘Their new InnoVision consulting arm will accelerate the use of smart eyewear in business environments, increasing access to businesses that benefit greatly from empowering their workers with tools for better decision-making. ”
Smart eyewear technology and hands-free access to information are the next frontier for an increasingly mobile enterprise. Advancement, growth, and adoption of smartphones, tablets, and wearable devices have fundamentally changed the way businesses operate, directly contributing to increased productivity and operating efficiency for industries. Augmate is set to help shape the ‘Fourth Industrial Revolution’ as it bridges the gap between business information systems, machine-to-machine communication and smart eyewear devices such as Google Glass, Vuzix M100, Epson Moverio and Kopin Golden-i to streamline supply chain and production processes in an unprecedented way.
‘The convergence of online and in-store technology is transforming the retail sector and is a tremendous opportunity for innovation,’ says J. Skyler Fernandes, Managing Director, Simon Venture Group ‘Augmate is uniquely positioned to help bring smart glass technology to multiple industries through education and business-specific augmented reality applications. We are very pleased to join them on this journey and can’t wait to see them innovate across the retail chain, from warehouses to storefronts. ”
Augmate is headquartered at Grand Central Tech in New York City and actively hires the company for multiple positions. You can find more information at: http://www Increased Com/career
About the August
Augmate is a wearable technology company specializing in the strategy, development and deployment of smart eyewear business applications. In addition to the company’s proprietary agnostic device SDK for developers and business platform Insights, Augmate also offers businesses the opportunity to evaluate, validate, pilot and scale wearable technology in real-world environments through its consulting arm, Innovision. Founded in 2013 with the aim of accelerating the development of wearable applications, Augmate works with its partners to bridge the gap between business information systems, sensors in the workplace and wearable devices in order to capture new insights, implement advanced applications and identify opportunities for the evolution of the supply chain.
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