RealWear Funding, Investors & Competitors

RealWear has raised $102M across 5 funding rounds, most recently a $700K pre-seed round in July 2025.

Last RealWear funding round

$700K

Pre-seed · Jul 2025

Cumulative funding RealWear raised

$102M

across 5 funding rounds

Key investors in RealWear

RealWear Overview

About RealWear

RealWear is a Vancouver, Washington-headquartered manufacturer of rugged head-mounted wearables for frontline industrial workers in energy, manufacturing, and automotive industries. Its devices deliver hands-free access to AR instructions, remote expert collaboration, and noise-canceling voice interfaces. Customers include Shell, Goodyear, Mars, Colgate-Palmolive, and BMW.


Founded

2016

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Subscription

RealWear Funding History

RealWear has raised a total of $102M across 5 funding rounds.

RealWear's first fundraising round was a $19M Series A in February 2018. The most recent completed round was a $700K pre-seed round in July 2025.

RealWear funding rounds

RealWear funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2025Pre-seed-$700K-
Mar 2025Seed-$2MRealWear develops hands-free wearable computing solutions, including headsets like the Arc 3 with AI-powered voice OS, designed for frontline workers in industrial settings such as fields, factories, and warehouses. The company, founded in 2016 and headquartered in Vancouver, Washington, empowers over 2 billion frontline workers with technology for safe and efficient performance. It supports features like real-time video sharing in 10 languages for remote consultations. RealWear raised $127.76M to $128.41M across 9 to 10 funding rounds, with the latest being a Series C - II round of $1.64M on March 19, 2025, led by investors including Foundry, Northpond Ventures, VI Partners, Columbia Ventures, and Kopin. Earlier rounds include a Series C, Debt - II, Series B, and Series A - II, with additional funding like $0.65M seed on July 28, 2025, and $25M from Foundry Group, Kopin, Qualcomm Ventures, and Columbia Ventures. Total funding listed varies slightly across sources, reaching up to $17.1M in some reports. RealWear has made investments, such as in Almer Technologies, and operates in software, AI, data analytics, and manufacturing sectors. Its products target B2B industrial applications amid trends where 83% of B2B companies plan digital investments, prioritizing customer experience tech.
Jun 2022Series CFoundry Group (lead); Qualcomm Ventures; Fortive; Kopin; Columbia Ventures Corporation$25MRealWear, Inc. is the world's leading provider of assisted reality wearable solutions designed for frontline industrial workers. The company's platform enables workers to access real-time information and expertise while keeping their hands and field of view free for work, improving safety, efficiency, and precision in industrial environments. RealWear serves world-class customers including Shell, Goodyear, Mars, Colgate-Palmolive, and BMW across multiple continents. In June 2022, RealWear closed its Series C funding round, raising between $23.5 million and $25.5 million led by Foundry Group with participation from Qualcomm Ventures, Kopin, Columbia Ventures Corporation, and Fortive Corporation (which contributed $1.5 million in its third and final tranche). The funds were intended to grow a unified software and services platform across the company's human-centric wearable products and transform the industrial wearable into a high-growth assisted intelligence platform business. RealWear reported 2022 revenue of $20.5 million, reflecting strong growth in its core business serving industrial customers worldwide.
Jul 2019Series BTeradyne (lead); Qualcomm Ventures; Kopin; Trog Hawley Capital; Bose Ventures; JPMorgan Chase$55MRealWear, a Vancouver, Washington-based company, develops industrial augmented reality headsets like the HMT-1 and HMT-1Z1, targeting enterprise use cases in manufacturing, utilities, and automotive sectors. The company announced an $80 million Series B equity and debt round on or around July 1, 2019, led by Teradyne, with participation from Qualcomm Ventures, Bose Ventures, Kopin Corporation, and JP Morgan Chase. This brought total funding to over $100 million, following a $17 million Series A in February 2018 led by Columbia Ventures. By mid-2019, RealWear had shipped 15,000 units to over 1,300 customers globally in the prior 18 months, including major clients like China’s State Grid, Airbus, Shell, Colgate-Palmolive, Walmart, Volkswagen, BMW, and Lexus. CEO Andy Lowery projected a potential '9-figure year' in 2020, indicating strong growth expectations. The company, with 110 employees, positions itself as a platform like Apple's smartphone business, supporting 120 third-party apps.
Feb 2018Series AColumbia Ventures Corporation (lead)$19MRealWear, founded in 2016, develops AR-enabled, fully voice-controlled, ultra-rugged wearable devices like the HMT-1 for industrial sectors including oil and gas, telecommunications, utilities, and manufacturing. The device supports hands-free communications, remote video calling, document navigation, guided workflows, mobile forms, and data visualization, targeting frontline industrial workers. In February 2018, RealWear closed a $17 million Series A funding round led by Columbia Ventures Corporation, which invested $8 million, with plans to raise an additional $3 million to reach $20 million. The funds were allocated to accelerate production of the HMT-1 amid growing demand for connected wearable solutions. By early 2018, RealWear had shipped significant numbers of HMT-1 units to over 200 customers worldwide and received the Frost & Sullivan Wearable Product Innovation Award in 2017. CEO Andy Lowery, a retired US Navy Lieutenant Commander with experience at Raytheon, emphasized delivering innovative solutions connecting frontline workers to enterprises. Columbia Ventures CEO Ken Peterson highlighted the HMT-1's unique capability in delivering AR and wearable functionality for industrial use cases. The company relocated its headquarters from Silicon Valley to Vancouver, Washington, in 2017. Market projections from ABI Research indicated enterprise wearable device revenue would grow from $10.5 billion in 2017 to $55 billion by 2022 at a 39% CAGR, underscoring the sector's potential. RealWear continued raising capital in later rounds, accumulating over $127 million across multiple series by 2025.

Who has invested in RealWear?

9 investors have backed RealWear across its funding rounds, including Qualcomm Ventures, Columbia Ventures Corporation, Kopin, Foundry Group, JPMorgan Chase and Trog Hawley Capital.

Lead investors include Foundry Group, Teradyne and Columbia Ventures Corporation.


RealWear Investors

Investors in RealWear by funding rounds participated
InvestorHQRoundsRoleFirst check
Qualcomm VenturesUnited StatesSan Diego, CA2ParticipantJul 2019
KopinUnited StatesWorcester, MA2ParticipantJul 2019
Columbia Ventures CorporationUnited StatesUnited States2LeadFeb 2018
FortiveUnited StatesUnited States1ParticipantJun 2022
Foundry GroupUnited StatesBoulder, CO1LeadJun 2022
Trog Hawley CapitalUnited StatesWest Palm Beach, FL1ParticipantJul 2019
Bose VenturesUnited StatesBoston, MA1ParticipantJul 2019

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by RealWear

RealWear has acquired 2 companies to date.

Last acquisition by RealWear was on November 14th 2024. RealWear acquired Almer Technologies for undisclosed valuation.


Latest Acquisitions by RealWear

Almer Technologies
Genba
Description
Almer Technologies is a Tel Aviv-based startup developing lightweight augmented reality glasses for frontline workers in manufacturing, logistics, and field services. The AR platform delivers hands-free communication, remote expert guidance, and workflow instructions via hardware integrated with cloud software. Deployments include assembly lines and maintenance operations, supporting integrations with ERP systems like SAP and video streaming protocols. Almer provides subscription-based AR-as-a-service with analytics for productivity gains.
Genba is a software provider for industrial frontline workers, offering tools that deliver straightforward interfaces for task management and insights. Its platform emphasizes reliability and intelligence to boost operational efficiency in manufacturing environments.
HQ CountrySwitzerlandUnited States
HQ City
Bern
Seattle, WA
Deal Date14 Nov 20249 Jun 2022
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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RealWear Competitors

RealWear competitors include listed companies like Cadence Design Systems, Autodesk, Constellation Software and Dassault Systemes, and private ones like Celonis and Temporal Technologies.

Public and private companies comparable to RealWear
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Cadence Design SystemsUnited StatesUnited StatesPublicly listed$5.3B$1.8B$77B13.0x
AutodeskUnited StatesUnited StatesPublicly listed$7.2B$1.8B$46B5.7x
Constellation SoftwareCanadaCanadaPublicly listed$12B$2.5B$43B3.5x
Dassault SystemesFranceFrancePublicly listed$7.2B$2.2B$32B4.0x
CelonisGermanyMunichPrivate$400M-$13B32.5x
Temporal TechnologiesUnited StatesSeattle, WAPrivate$250M-$13B50.2x

RealWear Public Comps

RealWear is still privately-owned, but its public comps include Apple, Samsung, Cadence Design Systems, Garmin, Autodesk, Constellation Software, Dassault Systemes, Hexagon, Snap-on and Huaqin Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Apple$416B$144B11.9x10.4x34.2x29.4x
Samsung$243B$67B4.4x2.4x15.8x4.4x
Cadence Design Systems$5.3B$1.8B14.8x13.0x44.3x27.3x
Garmin$7.2B$2.1B7.0x6.4x24.4x21.7x
Autodesk$7.2B$1.8B6.3x5.7x25.6x14.1x
Constellation Software$12B$2.5B4.0x3.5x18.5x12.9x
Dassault Systemes$7.2B$2.2B4.0x4.0x13.2x11.2x
Hexagon$6.2B$1.7B4.2x5.0x15.2x14.0x

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Common questions about RealWear

When was RealWear founded?RealWear was founded in 2016.
Where is RealWear headquartered?RealWear is headquartered in United States.
Is RealWear publicly listed?No, RealWear is a private, VC-backed company.
How much funding has RealWear raised?RealWear has raised $102M across 5 funding rounds.
What was RealWear's last funding round?RealWear's last funding round was a $700K pre-seed round in July 2025.
Who are RealWear's investors?RealWear's investors include Qualcomm Ventures, Kopin, Columbia Ventures Corporation, Fortive, Foundry Group, Trog Hawley Capital, Bose Ventures, JPMorgan Chase and Teradyne.
Which companies are comparable to RealWear?Companies comparable to RealWear include Cadence Design Systems, Autodesk, Constellation Software, Dassault Systemes, Celonis and Temporal Technologies.
How many companies has RealWear acquired?RealWear has acquired 2 companies, including Almer Technologies and Genba.

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