# RealWear

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

- Industry: Hardware
- Headquarters: Vancouver, US
- Website: www.realwear.com
- Total disclosed funding: $80M
- Latest round: Series C (Jun 1, 2022)
- Investors on record: 7

## About

RealWear, Inc. develops AI-voice-powered smart glasses designed to enhance productivity and safety for industrial workforces, enabling efficient operations in challenging environments.Founded in 2015 in Vancouver, US, RealWear, Inc. specializes in advanced smart glasses for industrial applications. The company has secured a total of USD 1.50 mn in funding, with its latest round being a SERIES C investment led by Fortive. RealWear has completed 7 investments to date.RealWear specializes in the development of AI-voice-powered smart glasses designed to enhance productivity, safety, and efficiency for industrial workforces across various sectors. Its flagship products are intrinsically safe smart glasses, certified for use in ATEX Zone 1 and mining environments, making them suitable for operations in hazardous conditions. These devices integrate seamlessly with major software applications, including TeamViewer, Microsoft, and Zoom, enabling real-time collaboration and data access for frontline workers. Targeting industries such as manufacturing, oil and gas, and construction, RealWear’s solutions aim to address challenges like workflow inefficiency and safety risks. The company's smart glasses are marketed globally, catering to clients ranging from Fortune 100 companies to small enterprises across North America, Europe, and Asia-Pacific.RealWear generates revenue primarily through direct sales of its smart glasses and associated software solutions to businesses in industrial sectors. The company employs a B2B transaction model, partnering with enterprise clients that require tailored solutions to improve operational efficiency. Revenue streams include hardware sales and potential recurring revenue from software subscriptions and service agreements, ensuring clients have ongoing access to updates and support. RealWear’s flagship products, enhanced by integrations with industry-leading software, offer businesses the opportunity to streamline their operations and optimize workforce performance. Specific pricing details and transaction structures are configured based on the needs of each client, establishing customized contracts that reflect the unique requirements of their operations.RealWear, Inc. is focusing on the development of new AI-powered smart glasses planned for release in the upcoming year. The company aims to expand its presence in Europe and Asia-Pacific by the end of 2024, targeting new industrial sectors. Recent funding from Trog Hawley Capital will support these initiatives, enhancing product development and market entry strategies.

## Funding rounds

- Series C, Jun 1, 2022, $24M — Foundry Group, Qualcomm Ventures, Kopin Corporation, Columbia Ventures Corporation
- Series B, Jul 1, 2019, $57M — JP Morgan Asset Management, Qualcomm Ventures, Teradyne Inc., Kopin Corporation, Bose Ventures

## Investors

- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series B
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series B, Series C
- Teradyne Inc. — Series B
- Kopin Corporation — Series B, Series C
- Bose Ventures (https://capitalatlas.ai/funds/bose-ventures) — Series B
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series C
- Columbia Ventures Corporation — Series C