What is Upskill?
Upskill is recognized as a pioneer in augmented reality solutions designed to enhance the productivity and efficiency of the industrial workforce. Established in 2010, the company has been at the forefront of integrating wearable technology into operational environments. Its flagship Skylight AR platform is trusted by major global corporations, including The Boeing Company, Merck KGaA, American Bureau of Shipping, and Accenture. Upskill's mission is to fundamentally improve how work is performed by providing frontline employees with real-time access to critical information, data, and tools, thereby boosting job performance and effectiveness. The company's innovative approach has earned it accolades such as being named a Gartner Cool Vendor, IDC Innovator, and World Economic Forum Technology Pioneer.
How much funding has Upskill raised?
Upskill has raised a total of $46.9M across 5 funding rounds:
Series A
$15.6M
Unspecified
$13M
Unspecified
$17.2M
Debt
$1M
Angel/Seed
$100K
Series A (2014): $15.6M with participation from NEA
Unspecified (2015): $13M led by New Enterprise Associates
Unspecified (2018): $17.2M supported by GE Ventures, Accenture, Cisco Investments, New Enterprise Associates, and Boeing
Debt (2020): $1M featuring PPP
Angel/Seed (2021): $100K backed by Anita Gazi
Key Investors in Upskill
New Enterprise Associates
New Enterprise Associates (NEA) is a prominent venture capital firm established in 1977, known for its focus on empowering entrepreneurs and building successful businesses across various technology sectors.
GE Ventures
GE Ventures, the investment arm of General Electric, focuses on strategic investments in companies that align with GE's core technology and infrastructure interests, driving innovation across industrial sectors.
Accenture
Accenture is a global professional services company specializing in technology, consulting, and operations, with a strong emphasis on digital transformation and driving tangible value for its clients.
What's next for Upskill?
With the recent infusion of major strategic investment and a substantial overall funding history of $46.9M, Upskill is poised for accelerated growth and market penetration. The company's focus on enterprise-level AR solutions for the industrial sector positions it to capitalize on the increasing demand for digital transformation in manufacturing, logistics, and field services. Future strategic initiatives will likely involve expanding the capabilities of the Skylight platform, forging new partnerships, and scaling its operations to meet the evolving needs of its global clientele. This capital will be instrumental in driving further R&D, enhancing customer support, and solidifying its position as a market leader in AR for the frontline workforce.
See full Upskill company page
