What is Upskill?
Upskill is a recognized market leader in augmented reality (AR) solutions specifically engineered for the industrial workforce. By leveraging its award-winning Skylight AR platform, the company enables real-time connectivity between frontline personnel and the critical information required to optimize operational efficiency. With a pedigree that includes accolades from Gartner and the World Economic Forum, Upskill has successfully integrated its technology into the workflows of major organizations such as The Boeing Company, Merck KGaA, and Accenture. The firm remains at the forefront of the wearable technology revolution, consistently pioneering new methods to enhance productivity and safety in high-stakes industrial environments.
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
GE Ventures
A corporate venture arm of General Electric, focusing on strategic investments in industrial technology, energy, and healthcare sectors to foster innovation across the global infrastructure landscape.
Accenture
A global professional services leader that invests in and partners with technology innovators to accelerate digital transformation and operational efficiency for its enterprise client base.
New Enterprise Associates
A prominent, long-standing venture capital firm that provides significant backing to entrepreneurs, focusing on scaling transformative businesses across various technology and healthcare sectors.
What's next for Upskill?
With the support of its latest major strategic investment, Upskill is well-positioned to accelerate the deployment of its Skylight platform across new industrial verticals. The company's strategic roadmap likely involves deepening its integration with existing enterprise digital cores and expanding its footprint in global markets where digital transformation is becoming a competitive necessity. By maintaining its focus on high-value industrial use cases, Upskill is poised to further solidify its market dominance, leveraging its deep-rooted relationships with industry leaders to drive the next wave of workforce productivity and operational excellence.
See full Upskill company page
