The company will use funds to expand its leadership position in AI-based performance optimization and workforce development for the industrial frontline workforce.

HORSHAM, PA – November 10, 2021 – Augmentir, Inc., the world’s only artificial intelligence-based connected worker software provider, today announced that it has secured $7.5 million in Series A financing. This new funding will enable Augmentir to grow its team and to expand its leadership position in delivering performance support for industrial frontline workers. The Series A was led by Gardner Lewis Asset Management along with other key investors Lerer Hippeau, Pritzker Group Venture Capital, and HOLT Ventures.

The funding comes as today’s 350 million strong industrial frontline workforce face readiness challenges magnified by the COVID-19 pandemic. Businesses face a growing skilled labor shortage, retention, and worker engagement challenges, all while lacking the appropriate digital tools and data to effectively train and continually support their workers.

“The workforce crisis in manufacturing, and across the entire industrial sector, is at an all-time high,” said Russ Fadel, Co-founder and CEO of Augmentir. “Companies like Colgate-Palmolive, BioChem Fluidics, and Hunter Industries are responding to these challenges by investing in Augmentir’s data driven, AI-based platform to transform how they train and support their frontline teams. This funding will enable us to expand our global footprint and deliver our innovative, AI-first approach to a broader set of industrial companies.”

Augmentir’s suite of AI-powered connected worker tools helps industrial companies understand their diverse workforce at an individual level, enabling them to reduce the effort it takes to onboard, guide, and support their workforce.

“Although the industrial workforce is clearly becoming more dynamic, its well-known skills gap remains, making it difficult for companies to meet their operational goals. Augmentir’s unique, AI-based solution for understanding the workforce at an individual level enables companies to move from a “one size fits all” approach to onboarding, guidance, and support, to one that is more personalized. This transforms these processes, which results in lower costs to hire, train, and support workers, all while delivering superior operational performance,” stated Whit Gardner, CEO of Gardner Lewis Asset Management. “In addition, we have confidence in the leadership team at Augmentir, having successfully invested with them in other market leading software products created by ThingWorx (acquired by PTC) and Lighthammer (acquired by SAP).”

Since its product launch in July 2019, Augmentir has experienced many successes in the form of industry recognition and new client adoption, including:

This latest round of funding will allow Augmentir to further expand its global reach in the industrial sector, including manufacturing, construction, utilities, oil and gas, mining, and field service industries, and continue to provide solutions that will shape the future of the industrial workforce.


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About Augmentir

Augmentir™ is the world’s only provider of AI-based connected worker software. Augmentir’s software is a suite of AI-powered connected worker tools that helps industrial companies optimize the safety, quality, and productivity of today’s rapidly changing industrial frontline workforce. Companies in manufacturing, service, energy, and construction leverage Augmentir’s AI in conjunction with the platform’s digital workflow and remote collaboration capabilities to optimize their frontline operations and deliver significant growth and continuous improvement in the areas of performance support, training, and workforce development. For more information, please visit