RealWear Acquires Genba AI
RealWear, a provider of assisted reality solutions for front-line industrial workers, acquired Genba AI and received $1.5 million of additional investment from Fortive. Financial terms of the deal were not disclosed.
The move opens new industrial channels for RealWear to serve the industrial manufacturing maintenance market with voice-enabled software that captures critical knowledge for maintenance technicians and supervisors.
"In last week's funding announcement, we mentioned more game-changing human-centric tech to come," said Rama Oruganti, chief product officer of RealWear, in a statement. "Today we're bringing our first ever SaaS offering to market for the frontline, helping to move us toward a fully platform-centric business. Helping customers easily capture data and surface insights through contextual tools provided by RealWear and partners increases worker productivity and our customers' bottom line.
"As part of this announcement we are thrilled with the level of talent we're gaining at RealWear," Oruganti added. "The Genba team consists of Tier 1 expertise in the speech, [natural language processing], and industrial workflow spaces."