Wearable Solutions Startup XOEye Technologies Closes $1.9 Million Series A Round with IncWell LP II

XOEye TechnologiesXOEye Technologies, a wearables solutions company that is reshaping industrial business processes and data capture, today announced it has closed its $1.9 million Series A funding round. IncWell LP II, an early-stage venture firm founded in 2013 by Tom LaSorda, formerly CEO of Chrysler Group LLC, was the lead investor. Existing investors, including Crestlight Venture and Selous Venture Society, participated in the round and were joined by new investors, including individual IncWell partners.

XOEye is in the final stages for completing its yearlong pilot program, which was a highly consultative and process-driven program that successfully yielded a number of significant customer orders. The company is fulfilling these initial orders and will be delivering commercially ready implementations to customers in early May. The funding will support the company’s accelerated preparations for full commercial availability of its wearable technology solutions for the industrial enterprise.

XOEye Technologies CEO, Aaron Salow, stated:

Aaron Salow“The closing of the round is well-timed as we transition to full product commercialization. Access to Tom LaSorda and the other partners at IncWell along with their expertise and insights is an invaluable part of the investment. Their guidance will be critical to our team as we refine and execute our growth strategy.”

Tom LaSorda, Founder and General Managing Partner, IncWell LLC, added:

“XOEye provides advanced technology and data analytics that will revolutionize the way industrial organizations and field service personnel in all sectors solve problems with technical support personnel, engineers and their customers. This advancement is amazing. We’re excited to be a partner in their continued success.”

XOEye TechnologiesXOEye is pioneering a renaissance in the way manufacturing, industrial and field service organizations operate with its industrial-grade wearable technology solutions. It combines wearable computing devices equipped with custom applications and cloud-based software for an end-to-end solution that delivers real-time communication and efficiency solutions for both employee and customer. Business processes including on-site service, training, sales, and auditing can now be supported remotely while improving productivity and service quality.

Data and content, including live-streaming video and real-time two-way audio, can be communicated from the device and accessed through XOEye Vision, XOEye’s enterprise-grade, cloud hosted platform


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