Ubimax receives $6M investment

Ubimax positions itself to conquer U.S. market for Enterprise Wearable Computing Solutions with a $6M investment

Ubimax, the leading provider of Wearable Computing solutions for desk-less workers today announced a $6M investment from Atlantic Bridge and Westcott LLC. The funding will primarily 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.

Hendrik Witt, CEO of Ubimax, commenting on the investment said “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.”

In conjunction with the new investment, Kevin Dillon, Managing Partner at Atlantic Bridge Capital, and Court Westcott representing the Westcott LLC, will join Ubimax’ Board of Directors.

Kevin Dillon, Managing Partner with Atlantic Bridge, stated “This investment decision was made based on the deep knowledge that the Ubimax team has in developing complete and scalable Wearable Computing solutions for deskless 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”

“In Ubimax, we’ve found a leader in Wearables for industry and commerce that delivers productivi-ty gains and increased efficiency from day one to more than 100 European and U.S. customers already today” added Court Westcott. “We’re active investors in the computer vision and Augmented Reality markets and see huge promise in Ubimax as a leader in next-generation Wearables”.

More information you will find here

Source Ubimax GmbH

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