What is Augmate?
Augmate operates as a mission-driven platform focused on the intricate management of IoT and wearable devices, creating a seamless connection between employees, customers, devices, and data. Its core offering is an advanced enterprise wearable device management application, facilitating the large-scale deployment and oversight of head-mounted displays. The company's solutions are engineered for diverse sectors, including smart medicine, agriculture, connected vehicles, and military applications, providing robust API support and a blockchain-based architecture for comprehensive device management.
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 Simon Venture Group, FP Angels, Excell Partners, Inc, UPS Strategic Enterprise Fund, Rothenberg Ventures, and Camp One Ventures
Private Equity (2015): $3.1M, investors not publicly disclosed
Key Investors in Augmate
Simon Venture Group
Simon Venture Group is an investment firm that likely focuses on early-stage technology companies, potentially with a strategic alignment to retail or logistics given its association with Simon Property Group.
Excell Partners, Inc
Excell Partners, Inc. is a venture capital fund dedicated to investing in high-growth technology startups within New York State, offering both capital and strategic support to foster regional economic development.
UPS Strategic Enterprise Fund
The UPS Strategic Enterprise Fund is the venture capital arm of UPS, focusing on investments that align with and advance UPS's logistics, supply chain, and transportation interests, often in emerging technologies.
What's next for Augmate?
With a history of major enterprise-level funding, Augmate is well-positioned for continued expansion and innovation in the rapidly evolving IoT landscape. The substantial capital infusion, particularly the recent strategic investment, signals a strong market validation and provides the resources necessary to further develop its technology, enhance its platform capabilities, and broaden its industry reach. Future growth is likely to focus on deepening its penetration in key verticals and potentially exploring new applications for its advanced device management solutions, leveraging its blockchain architecture for enhanced security and data integrity.
See full Augmate company page
