logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Realwear Acquires Genba Ai, Marking Realwear'S Shift To Becoming A Platform-First Business, Adds To Series C Funding By $1.5M

Jun 09, 2022•over 3 years ago

Acquiring Company

RealWear

Acquired Company

Genba AI

VancouverManufacturingSoftware

Description

RealWear, the world's leading provider of assisted reality solutions for frontline industrial workers, acquired Genba AI and received $1.5M of additional investment from Fortive Corporation. The move opens new industrial channels for RealWear to serve the industrial manufacturing maintenance market with cutting-edge voice-enabled software that captures critical knowledge for maintenance technicians and supervisors and, along with the current RealWear partner ecosystem, helps drive its assisted intelligence vision further, including the delivery of contextual data, tools, software and metrics to aid frontline operations and IT.

Company Information

Company

RealWear

Location

600 HATHEWAY ROAD

Vancouver, Washington, United States

About

RealWear, a global leader in hands-free, wearable computing solutions for frontline workers, was founded in 2016 and is headquartered in Vancouver, Washington, USA. With a vision of creating a world where every frontline worker is equipped to perform at their best, work safely, and take pride in the quality of their work, RealWear is on a mission to empower more than 2 billion frontline workers with the best technology solutions and support.

Related People

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed