Augmentir Raises Funding Round

Augmentira Horsham, PA-based provider of an AI-based connected worker solution, completed a new financing round of undisclosed amount.

The round was led by Gardner Lewis Asset Management, with participation from Lerer Hippeau, Pritzker Group Venture Capital, and the company’s founding team.

The company intends to use the funds to expand its team, global sales and marketing efforts while accelerating product development and innovation.

Led by Russ Fadel, CEO, Augmentir has developed connected worker technology, which leverages AI to digitize and optimize frontline work based on worker capability and task complexity. This technology adds precision to workforce development by helping manufacturers identify opportunities to improve training and optimize upskilling and reskilling programs. In February, the company announced that it expanded its AI platform to incorporate Generative AI and other foundational technologies underpinning ChatGPT.

Companies in manufacturing, service, energy, and construction use its suite of tools to deliver effective skills management, training, digital workflow, and collaboration for today’s more dynamic industrial workforce.

In addition to the funding news, Augmentir has also announced organizational growth, including two new additions to the leadership team. Kiyomi Otani joins the team as Vice President of Operations, bringing with her two decades of experience in technology leadership. Carsten Hunfeld, who previously led Augmentir’s sales efforts in the DACH region, will become the Company’s Director for EMEA.


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Andrew Naughtie

News reporter and author at @websalespromo