December 10, 2014 Comments Off on Wearable for the workplace
In the last few years, we have seen a slew of high-tech wearable devices invade the market. From Google Glass, to fitness trackers like Jawbone and Nike Fuel Band, to smartwatches like the Galaxy Gear, we already know that wearables are quickly becoming important gadgets for consumers. Now that the concept of wearable technology is firmly planted in consumers’ minds, manufacturers are thinking of new ways to incorporate it into the workplace. Today, a large number of companies are testing the viability of wearables like smartglasses, head-mounted cameras and activity monitors in hospitals, factories and manufacturing facilities. One of the companies at the forefront of enterprise wearables is XOEye. XOEye manufactures smartglasses for blue collar industries like manufacturing, construction and field services. With the goal to dramatically boost workplace efficiency, XOEye’s WIFI and Bluetooth-enabled smartglasses are capable of some pretty amazing things. They’re equipped with cameras that can record and stream videos to various devices in the workplace, they have built-in sensors that can scan barcodes, and are equipped with microphones and speakers to allow users to speak with co-workers instantly whether they’re located in the same building or thousands of miles away. With a projected addressable market of $5.8 billion in five years time, it seems likely that we’ll see more investments in the connected eyewear space. This week, XOEye received a $1.5 million, part of a $2 million series A round the company is currently raising.
You can read about the funding here.
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