Augmentir Unveils True Opportunity Index™, Industry’s First AI-Based Measurement Solution to Help Improve Frontline Worker Productivity

New Measurement Index enhances operational insight and improves decision making, helping industrial companies maximize both operational outcomes and workforce efficiency

HORSHAM, PA – May 14, 2019 – Augmentir, a leading provider of enterprise software for industrial companies, today announced the launch of its True Opportunity Index™ quantification engine.  The True Opportunity Index™ is the first AI-Based solution designed to help improve operational outcomes and frontline worker productivity.

Available as a core feature of Augmentir’s Augmented Operations™ platform, the True Opportunity Index™ is generated from continuous analysis of frontline worker data by Augmentir’s patent-pending artificial intelligence algorithms.  These algorithms take in streaming worker data and combine it with other Augmentir and enterprise data to uncover and rank order the largest capturable opportunities and then predicts the effort required to capture them.  This helps manufacturers and other industrial companies focus on key areas of opportunity for time savings, performance, and quality improvements across their workforce.   With these newly available prescriptive insights and recommendations, manufacturers and service companies can now continually improve their operations, enhance their work instructions, provide tailored remote assistance, improve training techniques, and supply their frontline workers with better tools to perform their jobs at peak efficiency.

“For many organizations, their largest opportunity for improvement is in their frontline workforce.  This group of workers has been historically underserved with little change to the tools they use to perform their job, while their jobs are becoming increasingly more complex,” said Russ Fadel, CEO and Co-Founder of Augmentir. “By combining our legendary ease of use with our embedded AI engine, we are giving companies of every size the ability to maximize these valuable workers.  We are proud to release our True Opportunity Index™ at this pivotal moment and are committed to using AI to innovate for the benefit of the frontline workforce.”

Augmentir software platform includes complete functionality that makes it easy for industrial companies to improve their operations across a range of manufacturing and service use cases.  The platform provides software that helps guide frontline workers with augmented, step-by-step-instructions, assist workers with live remove expert collaboration, and utilizes its artificial intelligence engine to deliver organization-wide insights and recommendations that focus on improving the quality and productivity of frontline workers.

Augmentir is scheduled to present on May 15 in the Smart Manufacturing Hub at the EASTEC 2019 manufacturing conference and trade show in Boston to discuss the benefits of its platform and how industrial companies are utilizing its True Opportunity Index™ to gain insight into their frontline workforce to improve productivity.  For more information, visit the EASTEC website or www.augmentir.com.

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Augmentir Announces Availability of Remote Assist Essentials, Providing Industrial Companies with a Cost-Effective and Easy-to-Use Approach to Supporting Frontline Workers

Augmentir’s Remote Assist Essentials delivers cost-effective, easy-to-use remote expert and Enterprise Augmented Reality (AR) capabilities to help industrial companies improve the productivity of their frontline workforce

HORSHAM, PA – JUNE 11, 2019 – Augmentir, a leading provider of digital worker software for industrial companies, today announced its latest offering, Remote Assist Essentials, a solution designed for companies seeking an easy and cost-effective way to provide remote assistance to frontline workers. The new offering helps industrial companies get started quickly with remote expert functionality, providing the first step in improving the overall productivity and efficiency of its frontline workforce.

Augmentir’s Remote Assist Essentials sets a new price point in the remote assistance market, and when combined with Augmentir’s “up-and-running in 10 minutes” promise, makes this functionality viable for any sized company engaged in manufacturing or service. Remote Assist Essentials also includes a trial license to Augmentir’s entire platform functionality, allowing companies to experiment with the augmented guided procedure and AI-based operational analytics modules.

With Remote Assist Essentials, companies can:

  • Get Started Quickly and Cost-Effectively: Start instantly with essential remote assistant capabilities that can be deployed cost-effectively, backed by Augmentir’s scalable enterprise-grade platform.
  • Guide Frontline Workers with Remote Expert Support: One-click live remote collaboration support allows frontline workers to instantly connect with subject matter experts within their organization, helping solve problems faster and provide improved knowledge transfer. Augmentir’s Remote Assist Essentials supports voice calling, live chat, and video streaming, including the ability for annotations during remote support sessions that help guide workers on the correct steps to take.
  • Scale with a Complete Platform: Augmentir’s Remote Assist Essentials is built on the company’s AI-Powered Augmented Operations platform, allowing companies to add more advanced capabilities quickly and easily, as well as extend the functionality of the solution through access to enterprise applications that integrate with Augmentir.

“Our new offering provides an economical way for companies to begin leveraging remote assistance, guided procedures, and artificial intelligence, to help digitize their operations and provide frontline worker support,” said Russ Fadel, CEO and Co-Founder of Augmentir. “With our Essentials offering, we’ve taken the power of Augmentir and tailored it for the unique needs of companies looking to start providing remote support for their frontline workers. We believe that this transformational software should be as easy to use and easy to own for industrial companies. We designed our platform with low IT staff requirements, quick onboarding and implementation, and priced for a range of from small to mid-sized and large organizations.”

Augmentir’s Remote Assist Essentials package is available to customers starting at $10 per user per month, with additional pricing tiers available based on usage. Augmentir Remote Assist Essentials is part of the core capabilities of the Augmentir platform, which includes a comprehensive set of features that makes it easy for industrial companies to improve their operations across a range of manufacturing and service use cases. The platform provides software that helps guide frontline workers with augmented, step-by-step-instructions, assist workers with live remote expert collaboration, and utilizes its artificial intelligence engine to deliver organization-wide insights and recommendations that focus on improving the quality and productivity of frontline workers.

For more information on Remote Assist Essentials, please visit the Augmentir website at https://www.augmentir.com/essentials.

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Augmentir Exits Stealth and Closes Oversubscribed Funding Round to Help Transform the Frontline Workforce with its AI-based Augmented Worker Platform

Round Led by Pritzker Group Venture Capital with Participation by Lerer Hippeau and HOLT Ventures Validates the Industry’s Need for Artificial Intelligence (AI) based Technology that Supports the Frontline Workforce

HORSHAM, PA – JULY 16, 2019 – Augmentir, Inc., a leading provider of augmented worker software for industrial companies, today announced it has closed an oversubscribed funding round. The round was led by Pritzker Group Venture Capital, with participation from Lerer Hippeau, current investors, and HOLT Ventures, the strategic venture capital arm of HOLT CAT.

“The closing of this round with the participation of these leading venture capital firms further validates our unique AI-first approach to improving the productivity of frontline workforces,” said Russ Fadel, Co-founder and CEO of Augmentir. “This funding will enable us to expand our global footprint, further increase the functionality of the platform, and make it even more accessible to companies across the small, mid-sized and large spectrum, and we look forward to reaching even more companies while defining the future of work.”

Ty Findley, Vice President at Pritzker Group Venture Capital, added, “With our thematic focus on Industry4.0, we are excited to be working with a company that is accelerating the industrial sector evolution using AI and AR to support frontline workers. From founding efforts at Wonderware, Lighthammer, and ThingWorx, the Augmentir team has a proven track record and domain experience delivering software innovation to the manufacturing and industrial market, and we are eager to participate as Augmentir continues to shape the frontline workforce of the future.”

“We are excited to be working with Augmentir and believe that the platform provides our Caterpillar dealership with the opportunity to standardize our workflow across multiple operations in order to deliver improved consistency to our customers,” added Meg Paulus, Partner at HOLT Ventures. “Augmentir’s AI engine will help us gain better real time and global insights to our operations to drive increased efficiency and technician training and enablement throughout our territory which spans from the Red River to the Rio Grande.”

This latest round of funding will allow Augmentir to further expand its reach in the industrial sector, including oil and gas, mining, field service, and manufacturing industries, and continue to provide solutions that will shape the future of the industrial workforce. The company is the first to deliver an “AI-first” enterprise platform for the industrial sector that combines augmented reality (AR) with artificial intelligence and machine learning (AI/ML). Augmentir’s Augmented Operations™ platform allows industrial companies to support their frontline workforce with augmented procedures and step-by-step work instructions, remote assistance capabilities, and drive continuous improvement through AI-driven insights.

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About Augmentir

Augmentir is a leading provider of augmented worker software for industrial companies. Its flagship offering, the Augmented Operations™ platform, is the first of its kind to combine enterprise augmented reality (AR) with artificial intelligence and machine learning (AI/ML), empowering frontline workers to perform their jobs with higher quality and increased productivity while driving continuous improvement across the organization.  For more information, please visit www.augmentir.com.

About Pritzker Group Venture Capital

Pritzker Group Venture Capital (PGVC) helps entrepreneurs build market-leading technology companies at the early stages of their growth. Since its founding in 1996, the firm has worked side-by-side with entrepreneurs at more than 200 companies, building partnerships based on trust and integrity. The firm has built a unique investment platform consisting of a team of experienced investment professionals and world-class operating partners combined with a vast network of strategic relationships. PGVC invests in enterprise technology and consumer internet companies, typically in their seed and Series A rounds. For more information, visit www.pritzkergroup.com/venture-capital/.

About Lerer Hippeau

Lerer Hippeau is the most active early-stage venture capital fund in New York City with investments in leading consumer and enterprise companies, including Allbirds, Casper, Guideline, and Group Nine Media. The firm invests across all sectors, backing founders with product vision, customer insight, and a keen instinct for brand building. For more information please visit www.lererhippeau.com.

About HOLT Ventures

The Holt family has a long legacy of innovation in the industrial business space, dating back to the early 1900’s when Benjamin Holt invented the track-type tractor, which was later named the Caterpillar. Today, the Holt family works alongside Caterpillar Inc. to deliver market-leading solutions through their heavy equipment dealership, HOLT CAT®, which is the largest Cat® tractor and engine dealer in the United States. HOLT Ventures strives to continue the legacy of innovation by investing in technologies and bright minds that are focused on solving challenges in our business. Current investments include Interplay Learning, Ranger Health, and SmartPicture/PLNAR. For more information visit www.holtventures.com.

Augmentir Launches the World’s First AI-Powered Augmented Reality Platform for Industrial Organizations

Company’s easy-to-use Augmented Operations™ software platform combines Augmented Reality with Artificial Intelligence to transform the way humans work

HORSHAM, PA – March 26, 2019 – Augmentir, Inc., a leading provider of enterprise software for industrial companies, today announced the general availability of its Augmented Operations™ platform. The company’s software platform is the first of its kind to combine enterprise augmented reality (AR) with artificial intelligence and machine learning (AI/ML), empowering frontline workers to perform their jobs with higher quality and increased productivity while driving continuous improvement across the organization.

Increasingly, companies with frontline workers, including manufacturing and service organizations, are embarking on a path to digital transformation in the quest to become more agile, productive and seamlessly integrated. These efforts have stalled when trying to include those workers as it has been difficult to connect them into the digital thread of the business. This has created challenges in measuring and improving the productivity and quality of processes centered on the frontline workforce. With the ubiquity of mobile devices and emergence of smart glasses, all of the technical pieces are in place to remove this last barrier to digital transformation.

Augmentir’s Augmented Operations™ platform makes it simple for any sized company to digitize these human-centric work processes into fully augmented procedures, providing interactive guidance, on-demand training, and remote expert support to improve productivity and quality. In addition, Augmentir’s patent-pending platform uses its embedded AI engine to help build the most efficient augmented procedures and personalize them to the needs of each front-line worker. Most importantly, the insights and recommendations gained and shared during any hands-on assignment become instantly accessible throughout the enterprise workstream promoting constant improvement along the way. This not only supports individual colleagues in their day-to-day tasks, but also creates an unbroken digital thread through the business that underpins future continuous improvement efforts.

“With all the technology now available to augment the frontline workforce, the missing piece has been a software platform that is not only easy-to-implement and cost-effective, but also that enables organizational transformation,” says Russ Fadel, CEO Augmentir. “Our Augmented Operations platform is the first on the market that can be deployed in hours by companies of all sizes and one that was built on an embedded AI-engine to deliver insights that help companies continuously improve their performance.”

“With Augmentir, we converted our existing paper-based instructions and drawings and were up and running within a day. Their augmented procedures enabled us to standardize work across all technicians, improving quality and giving us the performance insights to help improve productivity,” stated Steve Thorne, General Manager of STRONGARM Designs, Inc. “Additionally, we were able to quickly add new technicians in order to meet increased customer demand and have them perform at the same level of our most experienced team members.”

“Augmentir is uniquely positioned to provide transformational value to industrial organizations by improving the productivity of the frontline workforce and extending value to all associated stakeholders within the organization,” stated Glen Allmendinger, President of Harbor Research. “By creatively combining enterprise augmented reality with integrated insights from artificial intelligence and machine learning, Augmentir is at the forefront of digital innovation providing new applied value to industrial organizations.”

Augmentir includes complete functionality that makes it easy for industrial companies to improve their operations across a range of manufacturing and service use cases, including AI-supported rapid authoring tools, powerful analytics, and remote expert capability for enhanced collaboration with workers in the field.

Augmentir’s Augmented Operations platform is being used at dozens of industrial companies today and is available immediately. For more information, please visit www.augmentir.com.

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