Augmentir: AI-
Powered Connected Worker Solutions
Augmentir is an AI-based software company founded in 2017 specializing in connected worker solutions for industrial frontline workers.. 

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Augmentir: AI-
Powered Connected 
Worker Solutions
Augmentir is an AI-based software company founded in 2017 specializing 
in connected worker solutions for industrial frontline workers.

[Audio] Augmentir is an (A I ) based software company specializing in connected worker solutions for industrial frontline workers. Their platform combines skills management, digital workflows, collaboration, and knowledge sharing to enhance productivity and operational excellence. Headquartered in Horsham, Pennsylvania, U-S-A since its founding in 2017.. 

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Company Overview and 
Leadership
Overview
Augmentir is an AI-based 
software company specializing 
in connected worker solutions 
for industrial frontline workers. 
Their platform combines skills 
management, digital 
workflows, collaboration, and 
knowledge sharing to enhance 
productivity and operational 
excellence.
Mission
To empower industrial frontline 
workers by providing AI-driven 
tools that optimize 
performance and efficiency.
Headquarters
Horsham, Pennsylvania, USA.
Founded
2017.

[Audio] Our leadership team consists of experienced professionals who have a deep understanding of the industrial workforce and the importance of optimizing their performance. Russ Fadel serves as our C-E-O and has a strong background in industrial software innovation. Phil Huber, our co-founder, brings extensive experience in development and technology. Lawrence Fan, also a co-founder, is our chief data scientist, responsible for driving the development of our (A I ) powered solutions. Chris Kuntz leads our marketing efforts, ensuring our message reaches the right audiences. Additionally, we have a strong support team, including David Landreth, VP of Sales & Alliances; Kiyomi Otani, VP of Operations; and Christian Nissen, Chief Security Officer. Together, they bring a wealth of expertise and passion to drive our mission forward.. 

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Leadership Team
Russ Fadel
Co-Founder & CEO
Phil Huber
Co-Founder & VP of Development
Lawrence Fan
Co-Founder & Chief Data Scientist
Chris Kuntz
VP of Marketing
Additional leadership includes David Landreth (VP of Sales & Alliances), 
Kiyomi Otani (VP of Operations), and Christian Nissen (Chief Security 
Officer).

[Audio] Augmentir's key focus areas and services center on boosting the productivity and quality of industrial frontline workers. The company's primary services involve (A I ) powered connected worker platforms that leverage artificial intelligence and machine learning to offer personalized guidance and insights. This allows frontline workers to access digital work instructions and customized digital tools tailored to their unique requirements. Furthermore, the platform provides skills management and training tools, as well as collaboration and knowledge-sharing features. These features facilitate smooth communication and information exchange among team members, resulting in enhanced operational efficiency and effectiveness.. 

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Key Focus Areas and Services
Primary Services
AI-powered connected worker 
platform
Digital work instructions and 
workflows
Skills management and training 
tools
Collaboration and knowledge-
sharing features
Technology Focus
Utilizes artificial intelligence and 
machine learning to provide 
personalized guidance and insights for 
frontline workers.
Value Proposition
Augmentir enhances frontline worker 
productivity and quality by providing 
AI-driven insights, personalized 
guidance, and digital tools tailored to 
individual needs.

[Audio] We have secured a total funding of sixteen point nine million dollars, which demonstrates our commitment to developing innovative solutions for industrial frontline workers. Our Series A round, worth seven point five million dollars, was completed in November two thousand twenty-one, and we have since received additional funding of three point nine million dollars in April two thousand twenty-three. This investment has enabled us to further develop our pioneering (A I ) driven solutions for industrial workforce optimization. Our key investors include prominent venture capital firms such as Gardner Lewis Asset Management, Lerer Hippeau, Pritzker Group Venture Capital, and H-O-L-T Ventures, as well as the United States Air Force. These partnerships have not only provided us with the necessary resources but also validated our mission to empower industrial frontline workers. With strong leadership and a proven track record in industrial software innovation, we have achieved rapid revenue growth and expanded our customer base. Our investment highlights showcase our unique value proposition, which sets us apart from other players in the market.. 

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Funding and Investment Rationale
Total Funding
$16.9 million
Series A Round
$7.5 million (November 2021)
Additional Funding
$3.9 million (April 2023)
Key Investors
Gardner Lewis Asset Management
Lerer Hippeau
Pritzker Group Venture Capital
United States Air Force
HOLT Ventures
Investment Highlights
Pioneering AI-driven solutions for industrial workforce optimization
Strong leadership with a proven track record in industrial software innovation
Rapid revenue growth and expanding customer base

[Audio] We have made significant progress and traction in our journey sofar. Our customer base has grown to include leading industrial companies such as Colgate-Palmolive, Cisco, Baker Hughes, the U S Air Force, and Hunter Industries. This demonstrates our ability to deliver value to our customers and expand our reach into new markets. In addition, we have achieved remarkable revenue growth of 350% in 2021, which is a testament to our innovative approach and commitment to delivering high-quality solutions. Furthermore, we have been recognized as a front-runner in connected worker solutions by industry analysts, which underscores our position as a leader in this space. Moreover, we were awarded Frost & Sullivan's 2022 Global Customer Value Leadership Award in the Connected Worker Solutions Industry, which is a prestigious recognition of our efforts to drive customer satisfaction and loyalty.. 

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Progress and Traction
1
Customer Base
Serving leading industrial companies, including Colgate-Palmolive, Cisco, Baker Hughes, the U.S. Air Force, and 
Hunter Industries.
2
Revenue Growth
Achieved 350% revenue growth in 2021.
3
Market Engagement
Recognized as a front-runner in connected worker solutions by industry analysts.
4
Notable Achievements
Awarded Frost & Sullivan's 2022 Global Customer Value Leadership Award in the Connected Worker Solutions 
Industry.

[Audio] Our business model is built around a subscription-based Software-as-a-Service (SaaS) platform, offering tiered pricing based on features and the number of users. This approach allows us to scale our revenue quickly while maintaining high margins. Our market size is expected to reach 6 point 4 billion dollars by 2027, driven by the growing demand for connected worker solutions. We estimate our annual revenue to be between 5 million dollars to 10 million dollars, with a customer acquisition cost of approximately $150. Our lifetime value per customer is estimated at $1200, with a customer retention rate of approximately 85%. Unfortunately, we experience a user churn rate of about 15% after one year.. 

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Business Model and Metrics
1
Business Model
Subscription-based SaaS 
platform offering tiered 
pricing based on features 
and number of users.
2
Market Size
The connected worker 
solutions market is projected 
to reach $6.4 billion by 2027.
3
Revenue
Estimated annual revenue 
between $5 million to $10 
million.
4
Key Metrics
Customer Acquisition Cost 
(CAC): Approximately $150. 
Lifetime Value (LTV): 
Estimated at $1,200. 
Customer Retention Rate: 
Approximately 85%. User 
Churn Rate: Approximately 
15% after one year.

[Audio] Augmentir's partnerships with technology providers and industrial organizations enable us to enhance our platform capabilities and reach new markets. Our ideal customers are companies in the manufacturing, energy, construction, and service sectors that seek to digitize and optimize their frontline operations using (A I ) driven solutions. The growing demand for connected worker solutions is driven by Industry 4.0 initiatives and the need for workforce optimization. However, we also face risks such as competition from established industrial software providers and adoption challenges in traditional industries resistant to change. To mitigate these risks, we continuously innovate and enhance our (A-I ) capabilities.. 

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Partnerships, Customer Profile, 
and Future Potential
1
Strategic Partnerships
Collaborations with technology providers and industrial 
organizations to enhance platform capabilities and reach.
2
Customer Profile
Industries: Manufacturing, energy, construction, and service 
sectors. Ideal Users: Companies seeking to digitize and 
optimize frontline operations through AI-driven solutions.
3
Market Potential
Growing demand for connected worker solutions driven by 
Industry 4.0 initiatives and the need for workforce 
optimization.
4
Risks and Mitigation
Risks: Competition from established industrial software 
providers. Adoption challenges in traditional industries 
resistant to change. Risk Mitigation: Continuous innovation 
and enhancement of AI capabilities.

Augmentir-AI-Powered-Connected-Worker-Solutions

Augmentir is an (A I ) based software company specializing in connected worker solutions for industrial frontline workers. Their platform combines skills management, digital workflows, collaboration, and knowledge sharing to enhance productivity and operational excellence. Headquartered in Horsham, Pennsylvania, U-S-A since its founding in 2017.

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Our leadership team consists of experienced professionals who have a deep understanding of the industrial workforce and the importance of optimizing their performance. Russ Fadel serves as our C-E-O and has a strong background in industrial software innovation. Phil Huber, our co-founder, brings extensive experience in development and technology. Lawrence Fan, also a co-founder, is our chief data scientist, responsible for driving the development of our (A I ) powered solutions. Chris Kuntz leads our marketing efforts, ensuring our message reaches the right audiences. Additionally, we have a strong support team, including David Landreth, VP of Sales & Alliances; Kiyomi Otani, VP of Operations; and Christian Nissen, Chief Security Officer. Together, they bring a wealth of expertise and passion to drive our mission forward.

Augmentir's key focus areas and services center on boosting the productivity and quality of industrial frontline workers. The company's primary services involve (A I ) powered connected worker platforms that leverage artificial intelligence and machine learning to offer personalized guidance and insights. This allows frontline workers to access digital work instructions and customized digital tools tailored to their unique requirements. Furthermore, the platform provides skills management and training tools, as well as collaboration and knowledge-sharing features. These features facilitate smooth communication and information exchange among team members, resulting in enhanced operational efficiency and effectiveness.

We have secured a total funding of sixteen point nine million dollars, which demonstrates our commitment to developing innovative solutions for industrial frontline workers. Our Series A round, worth seven point five million dollars, was completed in November two thousand twenty-one, and we have since received additional funding of three point nine million dollars in April two thousand twenty-three. This investment has enabled us to further develop our pioneering (A I ) driven solutions for industrial workforce optimization. Our key investors include prominent venture capital firms such as Gardner Lewis Asset Management, Lerer Hippeau, Pritzker Group Venture Capital, and H-O-L-T Ventures, as well as the United States Air Force. These partnerships have not only provided us with the necessary resources but also validated our mission to empower industrial frontline workers. With strong leadership and a proven track record in industrial software innovation, we have achieved rapid revenue growth and expanded our customer base. Our investment highlights showcase our unique value proposition, which sets us apart from other players in the market.

We have made significant progress and traction in our journey sofar. Our customer base has grown to include leading industrial companies such as Colgate-Palmolive, Cisco, Baker Hughes, the U S  Air Force, and Hunter Industries. This demonstrates our ability to deliver value to our customers and expand our reach into new markets. In addition, we have achieved remarkable revenue growth of 350% in 2021, which is a testament to our innovative approach and commitment to delivering high-quality solutions. Furthermore, we have been recognized as a front-runner in connected worker solutions by industry analysts, which underscores our position as a leader in this space. Moreover, we were awarded Frost & Sullivan's 2022 Global Customer Value Leadership Award in the Connected Worker Solutions Industry, which is a prestigious recognition of our efforts to drive customer satisfaction and loyalty.

Our business model is built around a subscription-based Software-as-a-Service (SaaS) platform, offering tiered pricing based on features and the number of users. This approach allows us to scale our revenue quickly while maintaining high margins. Our market size is expected to reach 6 point 4  billion dollars by 2027, driven by the growing demand for connected worker solutions. We estimate our annual revenue to be between 5  million dollars to 10  million dollars, with a customer acquisition cost of approximately $150. Our lifetime value per customer is estimated at $1200, with a customer retention rate of approximately 85%. Unfortunately, we experience a user churn rate of about 15% after one year.

Augmentir's partnerships with technology providers and industrial organizations enable us to enhance our platform capabilities and reach new markets. Our ideal customers are companies in the manufacturing, energy, construction, and service sectors that seek to digitize and optimize their frontline operations using (A I ) driven solutions. The growing demand for connected worker solutions is driven by Industry 4.0 initiatives and the need for workforce optimization. However, we also face risks such as competition from established industrial software providers and adoption challenges in traditional industries resistant to change. To mitigate these risks, we continuously innovate and enhance our (A-I ) capabilities.