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DateInvestorsAmountRound
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N/A

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*

$17.0m

Series A

$5.0m

Debt

$80.0m

Series B
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N/A

$20.0m

Series C
*

$23.5m

Valuation: $400m

Series C
*

$150m

Valuation: $376m

SPAC IPO
Total FundingAUD217m

Recent News about RealWear

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More about RealWearinfo icon
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RealWear, accessible via realwear.com, is a pioneering company in the field of industrial wearable technology. The company specializes in creating head-mounted, wearable Android computers, notably the RealWear HMT-1 and HMT-1Z1 models. These devices transcend traditional smart glasses and industrial tablets by offering hands-free operation, which is crucial for workers in demanding environments.

RealWear primarily serves clients in industrial sectors such as manufacturing, automotive, energy, and field services. Companies like Volkswagen Commercial Vehicles, Toyota Deutschland GmbH, and Honeywell Connected Plant are among its notable customers. These clients benefit from RealWear's technology by enabling their workers to access real-time information and perform remote diagnostics without needing to use their hands, thereby enhancing safety and efficiency.

The market RealWear operates in is the industrial wearable technology sector, which is a niche but rapidly growing segment within the broader technology market. This sector focuses on providing advanced technological solutions to improve productivity and safety in industrial settings.

RealWear's business model revolves around the sale of its wearable devices and the accompanying software solutions. The company generates revenue through direct sales of its hardware products, as well as through ongoing software subscriptions and support services. This model ensures a steady stream of income from both new device sales and recurring software fees.

In summary, RealWear is at the forefront of industrial wearable technology, providing innovative solutions that enhance safety and productivity for workers in various industrial sectors. By focusing on hands-free, real-time information access, RealWear is helping companies maximize uptime and minimize risks.

Keywords: industrial wearable technology, head-mounted computers, hands-free operation, real-time information, augmented reality, remote diagnostics, manufacturing, automotive, energy, field services.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by RealWear

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Genba
ACQUISITION by RealWear Jun 2022