APX Labs Announces $13 Million Investment
AREA member APX Labs recently announced the closing of an investment round with partners led by New Enterprise Associates. Other parties to the investment include GE Ventures, CNF Investments, Salesforce Ventures and SineWave Ventures.
According to a post on TechCrunch on the topic of the investment, GE is planning a large-scale deployment of the Skylight platform within a year. Skylight, APX Labs’ flagship product, runs on smart glasses such as Google Glass and Vuzix to control the display, camera, sensors and user inputs. Use cases include service and repairs to remote collaboration with experts.
The post also mentions that Salesforce, another APX Labs partner, sees smart glasses as a user interface for the Internet of Things, enabling visualization of key data and information in work environments.
Brian Ballard, CEO of APX Labs, expects the company to help enterprises improve workplace efficiencies across an expanding number of use cases.