AR/IoT startup RealWear snaps $17M in new funding

Vancouver based startup RealWear has raised $ 13.5M (17M CAD) and seeks another $ 3M, reveals the startup’s SEC filings. The company plans to use $ 20 million investment to get its product, head-worn computers called HMT-1, into the hands of more companies.


Founded in Silicon Valley, RealWear was headquartered in Milpitas, California and shifted to Vancouver in last summer with its presence in Shanghai, China. According to Silicon Forest standards, an early stage round of $ 20 million is a huge amount of investment.

RealWear’s product HMT-1 is a hand free wearable computer that connects industrial workers in the field and helps industrial companies implement the ‘Connected Worker’ program. It’s OS is an Android 6.0.1 (AOSP) and runs on the Qualcomm Snapdragon 2.0 GHz 8-core chipset. It supports Bluetooth, WiFi and GPS. The wearable devices come packed with microphones, speakers, cameras, and additional ports.

Andy Lowery, CEO of RealWear stated that the company has pilot projects in the pipeline with large enterprises like Tesla, WalMart, Amazon, and Boeing. One of the investors is another Vancouver based company, Columbia Ventures which has invested $ 8M in the startup.

Postscapes: Tracking the Internet of Things

IoT security startup Armis raises $17M Sequoia and Tenaya Capital

Armis, a Palo Alto, CA-based IoT security startup raised $ 17M in funding from Sequoia Capital and Tenaya Capital. Armis detects unmanaged, compromised or rogue devices and networks. It can detect rogue or unrecognized laptops, smartphones, smart devices like TVs, webcams, printers, HVAC systems, and medical devices in a corporate network.

Termed as an agentless security solution, Armis identifies IoT or unmanaged devices or networks in an environment. The company’s main offering is to save enterprise customers from botnet attacks, network breaches, ransomware, and data loss.

Armis Dashboard

An estimate by Armis revealed that businesses are unaware of 40 percent of the devices in their environment. This creates a major vulnerability in a company network that hackers can exploit.

“The recent botnet attacks like Mirai, Hajime, and Persirai show how new IoT devices are being exploited and attacked. The fact is you cannot put an agent on most of the devices in an organization today, which means we need a new approach”, said Yevgeny Dibrov, CEO and co-founder of Armis.

Apart from traditional unrecognized devices on a network such as laptops, smartphone, and tablets, the solution also allows to identify compromised Point of sale (PoS) devices and an Infusion pump exploited to administer incorrect doses.

As the number of IoT devices increase, there has been an increase in the number of IoT security solutions. Last month, AKUA, a Baltimore-based subscription data service that provides in-transit visibility of goods and shipments raised $ 3 million in a Seed round of funding. Similarly, Mocana, recently raised a $ 11 million Series F.

Postscapes: Tracking the Internet of Things