# Augmate Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/augmate

- Industry: Software
- Headquarters: New York, US
- Website: www.augmate.com
- Total disclosed funding: $2.8M
- Latest round: Seed (Sep 18, 2014)
- Investors on record: 6

## About

Augmate Corporation offers an IoT and wearable device management platform, enabling seamless connectivity for employees, customers, and devices through its advanced applications.Founded in 2013 and headquartered in New York, US, Augmate Corporation specializes in IoT solutions. The company has engaged in three funding deals, with its most recent funding round occurring on December 30, 2015, raising USD 3.05 mn. The organization has maintained a focused business strategy without major pivots or changes.Augmate specializes in providing an advanced IoT and wearable device management platform that connects employees, customers, devices, and data through its flagship product, the Wearable Device Management application. This platform is designed to deploy and manage head-mounted displays at scale, offering robust API support and a protocol-agnostic, tokenized architecture built for blockchain technology. Augmate's solutions target various industries, including smart medicine, smart industry, IoT devices, smart agriculture, connected cars, smart retail, military, and smart homes. The company serves a diverse client base that includes enterprises looking to integrate wearable technology into their operations, ensuring efficiency and enhancing productivity. The geographical markets for these products include North America, Europe, and parts of Asia, where the demand for innovative wearable technology solutions continues to grow.Augmate generates revenue through a subscription-based model for its products and services, enabling clients to access its wearables and IoT device management solutions. The company’s transactions are structured primarily as B2B partnerships, where businesses pay recurring fees to utilize the platform. Pricing plans typically encompass various tiers, allowing for scalability depending on the size of the client’s operations and the specific services required. Flagship products such as the Wearable Device Management application are central to these offerings, and the revenue model revolves around providing continuous support and updates to enhance user experience. Overall, Augmate’s approach facilitates a steady income stream through long-term client engagements across various sectors, leveraging the increasing adoption of wearable technology in business environments.Augmate Corporation plans to leverage its most recent funding of USD 3.05 mn from December 2015 to enhance its product offerings and expand into new markets. The company is focusing on designing new products tailored for the smart agriculture and military sectors, with anticipated launches set for late 2024. Additionally, Augmate aims to penetrate emerging markets in Southeast Asia and Latin America by mid-2025 to capitalize on the growing demand for wearable IoT solutions.

## Funding rounds

- Seed, Sep 18, 2014, $2.8M — N47, UPS Strategic Enterprise Fund, Excell Partners, Rothenberg Ventures, Camp One Ventures, Simon Ventures

## Investors

- N47 (https://capitalatlas.ai/funds/n47) — Seed
- UPS Strategic Enterprise Fund (https://capitalatlas.ai/funds/ups-strategic-enterprise-fund) — Seed
- Excell Partners (https://capitalatlas.ai/funds/excell-partners) — Seed
- Rothenberg Ventures (https://capitalatlas.ai/funds/rothenberg-ventures) — Seed
- Camp One Ventures (https://capitalatlas.ai/funds/camp-one-ventures) — Seed
- Simon Ventures (https://capitalatlas.ai/funds/simon-ventures) — Seed