What is Augmate?
Augmate operates as a mission-driven platform dedicated to the seamless integration of IoT and wearable devices into enterprise workflows. Its core offering is a leading enterprise wearable device management application, engineered for the scalable deployment and administration of head-mounted displays. The platform's versatility is demonstrated through tailored solutions for critical industries such as smart medicine, smart agriculture, connected cars, and military applications. Augmate's robust API support and its unique blockchain-based architecture for device management cater to a diverse clientele, from startups to large corporations, ensuring secure and efficient data connectivity.
How much funding has Augmate raised?
Augmate has raised a total of $5.8M across 2 funding rounds:
Angel/Seed
$2.8M
Private Equity
$3M
Angel/Seed (2013): $2.8M with participation from Excell Partners, Inc, Simon Venture Group, FP Angels, UPS Strategic Enterprise Fund, Rothenberg Ventures, and Camp One Ventures
Private Equity (2015): $3.1M, investors not publicly disclosed
Key Investors in Augmate
Excell Partners, Inc
Excell Partners is a venture capital fund focused on high-tech, high-growth startups in New York State, providing both capital and hands-on support to entrepreneurs in sectors like Medical Devices, Biotech, and IT/Software.
UPS Strategic Enterprise Fund
The UPS Strategic Enterprise Fund, part of the global logistics leader, invests in innovative companies that align with UPS's strategic interests in transportation and logistics technology.
Rothenberg Ventures
Rothenberg Ventures is a venture capital firm that invests in visionary entrepreneurs developing transformative technologies, particularly in AI, spatial computing, and biotechnology, aiming to shape the future of human potential.
What's next for Augmate?
With the recent influx of major strategic investment, Augmate is poised for accelerated growth and market penetration. The company's focus on enterprise-grade wearable device management, particularly for head-mounted displays, positions it at the forefront of industrial IoT innovation. Future developments are likely to center on enhancing its blockchain capabilities for greater security and data integrity, expanding its industry-specific solutions, and scaling its operational capacity to meet increasing global demand. This strategic financing will empower Augmate to solidify its leadership in the rapidly evolving landscape of connected enterprise technology.
See full Augmate company page
