Augmentir recognized by CB Insights for achievements in AI-based connected worker technology.
Horsham, PA July 27, 2022 – Augmentir, the provider of the world’s only smart connected worker solution, today announced it has been named in CB Insights first-annual Advanced Manufacturing 50 ranking, which showcases the 50 most promising private advanced manufacturing companies in the world. Augmentir was highlighted in the factory analytics and AI category.
“This initial cohort of the AM 50 includes a wide range of companies at different stages of maturity, product development, and funding. Collectively, they are working on everything from factory analytics and artificial intelligence to industrial internet of things cybersecurity,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “We’re excited to watch the companies on this year’s list continue to grow and further create operational efficiencies that will have meaningful impact across industries.”
Utilizing the CB Insights platform, the research team picked 50 private market vendors from a pool of over 6,000 companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed hundreds of Analyst Briefings submitted by applicants.
Augmentir’s suite of AI-powered connected worker tools helps industrial companies to deliver effective skills management, training, collaboration, and point-of-work support for today’s more dynamic industrial workforce. Augmentir’s software platform is already being used worldwide by leading industrial companies and organizations, including Colgate-Palmolive, Cisco, Baker Hughes, the U.S. Air Force, and Hunter Industries to digitize and optimize frontline work and deliver significant growth and continuous improvement in the areas of manufacturing, maintenance, service, and quality.
Quick facts on the 2022 AM 50:
- Equity funding and deals: Since 2017, the 2022 AM 50 cohort has raised $6.9B+ from 369 investors, across 177 equity deals. In 2021 alone, companies in this cohort raised over $3.7B across 46 deals.
- Unicorns: There are 12 companies with $1B+ valuations on the list.
- Global Reach: Twenty-seven of the selected companies are headquartered in the US. Germany and Canada tied for second, with four winners each. Other countries home to at least one winner on this year’s list include India, China, France, South Korea, Finland, Japan, the Netherlands, Norway, South Africa, and the United Kingdom.
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About CB Insights
CB Insights builds software that enables the world’s best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.
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 deliver effective skills management, training, collaboration, and on the job support for today’s more dynamic, more flexible industrial 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 www.augmentir.com.
