Vancouver company RealWear bills its technology as a game-changer. Now it has found investors who apparently agree.
A Securities and Exchange Commission filing on Friday shows RealWear landed $17 million in investment at the end of January and is seeking an additional $3 million. The filing was first reported by The Oregonian.
The cash infusion will help RealWear get its product — a head-worn computer that connects workers in the field with people and the internet — into the hands of more companies. CEO Andy Lowery said they have pilot projects with marquee companies like Tesla, Walmart, Amazon and Boeing.
“I can say everything is going really, really well,” he said.
One of the new investors is Columbia Ventures Corporation, which is also based in Vancouver. Columbia Ventures invested $8 million, according to Chief Financial Officer Susan Cruz.