Banner

Banner


"The Resource Centre For Hazardous Area Professionals"

Social Media

ProGlove Raises $40M in Growth Capital from Summit Partners to Deliver Industrial Wearables on a Global Scale

Print PDF
User Rating: / 0
PoorBest 

hes oct 19 9ProGlove Raises $40M in Growth Capital from Summit Partners to Deliver Industrial Wearables on a Global Scale

Human-centred design meets German engineering

ProGlove, a leading provider of industrial wearables, today announced a $40 million investment from global growth equity firm Summit Partners. The company plans to leverage this funding to expand its international footprint and support its mission to connect the human workforce with the industrial Internet of Things (IoT). (Read More)

 

ProGlove offers a scanner glove designed to improve the efficiency and effectiveness of scanning processes used across the manufacturing, logistics, transportation and ecommerce/retail sectors. ProGlove’s products are integrated into the factory and warehouse floor processes at some of the world’s most renowned brands including Audi, BMW, Bosch, Daimler, DHL and Lufthansa Technik. The company’s smart glove provides an ergonomic, hands-free barcode scanning solution that helps workers increase productivity and optimise workflow, allowing users to reduce scanning time by up to 4 seconds per scan, representing an improvement in scanning efficiency of as much as 50 percent for some ProGlove customers.

“Organisations seeking to maintain a competitive edge in the era of Industry 4.0 must rethink and reinvent the way in which humans and machines interact. Wearable devices acknowledge the importance of enabling a smarter, more effective worker in the industrial IoT environment,” said Andreas Koenig, CEO of ProGlove.

“We believe ProGlove’s customer-centric approach to product design presents a significant opportunity to empower the human worker while increasing workplace efficiency,” added Dr. Matthias Allgaier, a Managing Director at Summit Partners who has also joined the ProGlove board.

“Our goal is to recognise and enable the value of human involvement in today’s increasingly automated industrial environment,” added Thomas Kirchner, Co-founder and Vice President Product at ProGlove. “We’re excited to work with Summit to expand our global reach and bring the industrial IoT to the human workforce on an international scale.”

For more information visit:
www.proglove.com