Ubimax, a leading provider of Wearable Computing solutions for desk-less workers, today announced a $6 million investment from Atlantic Bridge and Westcott LLC. The fresh capital will mainly be used to further grow the company’s existing U.S. business and to extend its market leading position from Europe to the American market.
Ubimax was founded in 2014 and is headquartered in Bremen (Germany). The startup creates Industrial Wearable Computing solutions to improve the business processes. Its Enterprise Wearable Computing Suite includes xPick for order picking, xMake for manufacturing and quality assurance processes, xInspect to support service and maintenance technicians and xAssist for remote assistance functionality.
Hendrik Witt, CEO of Ubimax, stated: “This investment from two of the leading investors in Augmented Reality and Wearable Computing is a strong endorsement of the solution oriented technology platform we are providing to our customers. We’ve been growing profitably without any kind of funding until today. However, with the market picking up at a rapid speed, the additional money and support from our new investors will help us to keep up the high quality levels which our customers are used to and expect from us. We specifically selected Atlantic Bridge and Westcott LLC due to their extensive experience and strong track record in our market and with scaling companies from Europe to the U.S. This will help us to keep our clear market leading position in Europe and to reach the same market position in the U.S.”
With offices in Germany, the U.S. and Mexico, and an extensive track-record in the fields of Wearable Computing, Augmented Reality, Mixed Reality and Sensor Systems, Ubimax serves more than 100 customers today and is a clear forerunner in the market.
Kevin Dillon, Managing Partner with Atlantic Bridge, commented: “This investment decision was made based on the deep knowledge that the Ubimax team has in developing complete and scalable Wearable Computing solutions for desk-less workers. This is a market that is growing rapidly as we see more and more Smartglasses and Wearable devices aimed at the enterprise market emerge. The investment will enable Ubimax to continue to grow with the market. We will not only support with money but also with our extensive know-how of successfully scaling companies from Europe to the U.S. market”.
