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RealWear AR Closes Collection B, Whole Funding Over $100M

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RealWear AR Closes Collection B, Whole Funding Over $100M

RealWear, Inc., producer of the HMT-1 ruggedized head-mounted monocular pill pc, introduced in the present day an $80 million Collection B financing spherical, bringing the corporate’s whole funding to over $100 million. RealWear will use the funds, that are a mix of fairness and debt, to proceed market enlargement and speed up its well-liked hands-free platform growth. Teradyne, Inc. (TER), a world chief in industrial automation, took the lead. Different buyers embrace Bose Ventures, Qualcomm Ventures LLC (QCOM), Kopin Company (KOPN) and JPMorgan Chase & Co (JPM).

RealWear’s Collection A lead, CVC, and lots of early seed buyers have taken this chance to extend their investments in Vancouver, Washington- primarily based RealWear, stated Cofounder and CEO, Andy Lowery. “The continued help of our total ecosystem is tremendously gratifying for your complete RealWear workforce.” This traces up with Teradyne’s buy of a collaborative robots firm, Common Robots. For Kopin, the maker of the microdisplay, this can be a strategic funding in an organization executing on its shared vision of an assisted reality toolkit for the industrial worker. Qualcomm’s Snapdragon 625 microchips is utilized by RealWear.

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