About Augmate
Augmate is a Technology company based in New York (United States) founded in 2013. It operates as an ioT enabled device management platform. Augmate has raised $8.9 million across 5 funding rounds from investors including Counterpointe Ventures, UpVentures Capital and Rothenberg Ventures. Augmate offers products and services including Wearable Device Management and IoT Device Management. Its focus areas include High Tech, Wearable Technology, Smart Glasses and Industrial Workforce. Its legal entity is AUGMATE CORPORATION. Its competitors include Celeno, Memfault, Xyte, Hara and Kii and 5 more; 9 of its 10 listed competitors have raised funding.
Company details
Augmate offers Augmate Connect, an IoT device management platform that uses a combination of traditional, blockchain and distributed ledger protocols. The platform is blockchain-agnostic and will be integrating IOTA Tangle, a blockless distributed ledger that allows transfer of value between devices without fees, as well as centralized portal management using heuristic analysis and machine learning for monitoring and predictive maintenance. Features include device identity, data visualization tools, device fleet management, devices firmware updates, security layer (256-bit encryption) etc. The company originally developed applications for the workplace, connecting enterprise databases to wearable devices. Partners include Google, Vuzix, Epson, Realwear, Intel, Remote Eye, Proceedix, Streye, Pristine etc. Clientele includes Veolia, UPS, Toyota, Carrefour, Loreal, TNT, Pfizer, AGCO etc.
- Headquarters New York, United States
- SectorsTechnology
- Phone•••• ••••
- Website augmate.io
- Social LinkedIn X Facebook YouTube
- Legal Name Augmate Corporation
- Total Equity Funding$8.9M (USD)
in 5 rounds
- InvestorsCounterpointe Ventures
& 9 more
Products & Services of Augmate
Augmate offers a comprehensive portfolio of products and services, including Wearable Device Management and IoT Device Management.
Application for deploying and managing wearable devices at scale.
System for blockchain-based IoT device management and API support.
Apps and channels of Augmate
its YouTube channel Augmate has 534 subscribers and 7 videos.
Videos from Augmate
The most watched videos on Augmate's YouTube channel, Augmate (534 subscribers). Click a video to play it here.
More on Augmate.
Funding Insights of Augmate
Augmate has successfully raised a total of $8.9M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $8.9M
- Total Rounds 5
- First Round $2.8M
(Sep 2014)
- Investors Count 10
All 5 funding rounds of Augmate with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2018 | – | Series A | – | Counterpointe Ventures | – |
| Dec 2015 | $3.05M | Seed | – | – | – |
| Dec 2015 | $3.05M | Seed | – | – | – |
| Sep 2014 | $2.8M | Seed | – | Tim Draper | |
| Sep 2014 | – | Debt – Conventional | – | – | – |
10 investors in total: 9 institutional and 1 angel.
Investors in Augmate
Augmate has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Counterpointe Ventures, UpVentures Capital and Rothenberg Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | counterpointeventures.com | - | |
Investments are made in technology startups by UpVentures Capital. | – | upventures.com | New York, United States | |
Early-stage US companies are invested in by Rothenberg Ventures. | – | rothenbergventures.com | San Francisco, United States | |
Early-stage consumer, financial, SaaS, and blockchain companies are invested in. | – | camponeventures.com | Palo Alto, United States | |
- | – | fpangels.com | - | |
Excell is recognized as a venture capital fund in NY. | 2006 | excellny.com | United States | |
Venture investments in systems, infrastructure, and applications for enterprise founders. | – | next47.com | - | |
Corporate-backed venture investments are directed toward energy and multiple sectors. | – | simonventures.co | New York, United States | |
- | – | ups.com/sef | - | |
TD Tim Draper | Venture capitalist, founder of Draper Associates, early Bitcoin investor, active in India | – | unknown_54d48b2706d04b51b | - |
Investor details for Augmate
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People of Augmate
1 people are tracked at Augmate (1 in leadership).
| Name | Role | Group |
|---|---|---|
Pete Wassell | CEO | Leadership |
Complete people profiles for Augmate
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Augmate
3 dated milestones of Augmate across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Augmate is founded.
- Funding First funding round of $2.8M.
- Funding Latest funding round, Series A,.
Competitors of Augmate
Augmate has 10 listed competitors in our database, 9 of them funded. They include Celeno, Memfault, Xyte, Hara and Kii, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| celeno.com | 2005 | – | $116.2M | – | Provides high performance WiFi chips and software | |
| memfault.com | 2015 | San Francisco, United States | $35M | 41 | Embedded software patch management is delivered for consumer electronics devices. | |
| xyte.io | 2019 | Tel Aviv, Israel | $20M | – | Cloud-based servitization platform is provided for OEM connected devices. | |
| hara.com | 2008 | Minneapolis, United States | $45M | 630 | Energy and sustainability management is facilitated via a cloud-based platform. | |
| kii.com | 2010 | San Mateo, United States | $10.31M | – | Mobile Backend-as-a-Service and IoT cloud platform are offered by Kii. | |
| ubimax.com | 2011 | Bremen, Germany | $6M | 61 | Augmented reality wearable solutions for picking and manufacturing are provided. | |
| archsys.io | 2015 | Mountain View, United States | $19.5M | 17 | Cloud-based platforms and devices for IoT remote applications are developed. | |
| zipitwireless.com | 2007 | Greenville, United States | $12.86M | – | Wireless device connectivity and management are facilitated by Zipit Wireless. | |
| smartm.com | 1985 | Newark, United States | – | 3,000 | Manufacturer of non-volatile memory solutions | |
| datoms.io | 2015 | Bengaluru, India | $2.22M | 48 | Industrial IoT platform provided for OEMs and system integrators. |
Detailed competitors of Augmate
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Top companies in Industrial IoT & Smart Manufacturing
10 companies that operate in the same segment as Augmate (Industrial IoT & Smart Manufacturing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 | |
Wireless security platform for IoT applications is provided. | 2015 | Palo Alto, California, United States | USD 1.17 B | – | – | |
Blockchain-based connectivity for IoT applications is facilitated. | 2017 | Menlo Park, California, United States | USD 50 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based smart locks for residential and commercial access are provided. | 2014 | New York, New York, United States | USD 152.78 M | USD 70.12 M | 266 | |
Keyless smart locks are developed for consumer and commercial applications. | 2015 | Singapore, Singapore | USD 32.28 M | – | – | |
Provider of cyber security solutions for asset visibility and threat management | 2000 | San Jose, California, United States | USD 120.28 M | USD 4.03 M | 1,330 | |
Mesh-based connectivity solutions for IoT applications are provided. | 2014 | San Francisco, California, United States | USD 90 M | – | – |
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Related news about Augmate
Complete news archive for Augmate
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Frequently Asked Questions about Augmate
Augmate was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Augmate is headquartered in New York, United States. It is registered at New York, New York, United States.
Augmate is a funded company, having raised a total of $8.9M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2.8M, raised on Sep 2014.
Augmate offers Augmate Connect, an IoT device management platform that uses a combination of traditional, blockchain and distributed ledger protocols. The platform is blockchain-agnostic and will be integrating IOTA Tangle, a blockless distributed ledger that allows transfer of value between devices without fees, as well as centralized portal management using heuristic analysis and machine learning for monitoring and predictive maintenance. Features include device identity, data visualization tools, device fleet management, devices firmware updates, security layer (256-bit encryption) etc. The company originally developed applications for the workplace, connecting enterprise databases to wearable devices. Partners include Google, Vuzix, Epson, Realwear, Intel, Remote Eye, Proceedix, Streye, Pristine etc. Clientele includes Veolia, UPS, Toyota, Carrefour, Loreal, TNT, Pfizer, AGCO etc.
Augmate's top competitors include Memfault, Hara and Arch Systems.
Augmate offers Wearable Device Management and IoT Device Management.
Augmate has 10 investors. Key investors include Counterpointe Ventures, UpVentures Capital, Rothenberg Ventures, Camp One Ventures, and FP Angels.
Augmate operates through Augmate Corporation.