RealWear is Here to Stay, a Letter from RealWear’s CEO Andy Lowery
Dear RealWear family, friends, customers, partners, investors and all of the 21st century makers and builders that have shown such appreciation for our mission, products and team.
Today we announced a Series B raise, quintupling the funds raised to date and bringing the total private funding of RealWear to over $100m. You can read the official Press Release here.
Our investors in this round are impressive. Each of us is eager to lead industrial digital transformation globally. Every RealWear investor, from seed to series B, have recognized the significance of RealWear and the HMT product line. Our rugged hands-free wearable computer has been the fundamental nucleus triggering an acceleration of this digital renaissance.
RealWear has already achieved what no other company in our space has done before us. Now, the new private funding will enable RealWear to grow our focus on industrial safety and security, in preparation to manage an exploding number of large-scale deployments.
Since the beginning, our legendary “RealWear serendipity” struck like a bolt of lightning on February 28, 2016, when Dr. Chris Parkinson knocked on my door in Los Angeles, wearing a yellow hardhat and clutching a bag (looking like something out of a Harry Potter film). That bag contained over ten years of research in wearable computer prototype development. It was the implementation of voice recognition technology, safety-first industrial design and hands-free user experience that amazed me.
The results speak for themselves. Today, RealWear boasts 1300 customers who are saving millions while simultaneously improving safety. Over 15,000 RealWear systems are fielded today that are leveraging a software ecosystem of over 120 applications that increase the bottom line.
We spend the majority of our time today building the enablement partnerships and support tools to enable our customers with ongoing deployments, like Colgate-Palmolive, Shell, GLOBALFOUNDRIES, The State Grid of China, Honeywell, BMW, and many more.
Thank you. RealWear is here to stay.
