Augmate develops a blockchain-agnostic, aggregated device management platform for IoT that incorporates distributed ledger and decentralized technologies. The company is positioning its platform to make smart products more manageable and secure across consumer deployments. Augmate expanded its initial coin offering onto Crowdfunder, structuring the sale as a security token in response to SEC guidance. The firm says it consulted regulatory bodies and leading law firms to run the ICO in a fully compliant manner. CEO and founder Pete Wassell stated proceeds will be used to accelerate blockchain and distributed ledger integration within the platform. The article does not disclose revenue, user metrics, or the size of the offering. Augmate specializes in the strategy, development, and deployment of enterprise applications for smart eyewear. It provides enterprises with developer tools through a device-agnostic SDK and an Insights platform for data visualization. The company is introducing InnoVision, a pilot enterprise consulting initiative to evaluate, validate, pilot, and scale wearable technology in real-world environments. Augmate closed $2.8M in seed funding to expand the adoption of wearable applications in the workplace. The round was led by Tim Draper with participation from UPS Strategic Enterprise Fund, Siemens Venture Capital and others. Founded in 2013 and based in New York City, the company is hiring.

Total raised

$3M

Funding rounds

2

Latest round

Seed

Latest activity

Sep 2014