Augmodo, a physical AI company developing wearable AI assistants for frontline workers, has raised an additional $21 million in funding led by TQ Ventures, bringing the company's valuation to $350 million. The investment will accelerate product development, expand engineering, and support growth into manufacturing, automotive, convenience stores, and other industrial sectors.
Bringing AI to the Physical Workforce
Augmodo develops AI assistants that provide real-time guidance and spatial intelligence for employees working in physical environments. Its wearable Smartbadge captures egocentric data, enabling AI to understand people, objects, and surrounding spaces. The platform helps automate inventory tracking, warehouse audits, asset location, maintenance, and other operational tasks across retail, logistics, and industrial supply chains.
Growth and Expansion
The company has rapidly expanded beyond retail inventory management as customers adopted the platform for broader operational workflows. Over the past year, Augmodo reported 10x revenue growth, mapped more than 186 million square feet every month, and significantly increased enterprise deployments. The new funding will support global expansion, further development of AI models, and continued scaling of the engineering team.