Pioneer of Augmented Reality Computing for the Enterprise, Atheer Closes $14 Million Series B Financing

MOUNTAIN VIEW, Calif., Dec. 17, 2015 /PRNewswire/ -- Atheer, the company pioneering the new AiR™ (Augmented interactive Reality™) computing platform, today announced that it has closed a $14 million Series B funding round led by Signatures Capital and Streamlined Ventures and joined by new and existing investors including Fang Group, Shanda Group, FundersClub and RONA Holdings. The funding will accelerate Atheer's go-to-market activities and global customer deployment of the newly unveiled augmented reality AiR™ Glasses and the collaboration-centric AiR™ Suite for Enterprise. Today, the company also revealed the opening of its online store for pre-orders of AiR Glasses, priced at $3,950 and the subscription-based AiR Suite available for $50 per user per month. Further, Joe Kiani, CEO of Masimo, has joined Atheer's board of directors and Michael Patsalos-Fox, CEO of Stroz Friedberg and the former Chairman of the Americas for McKinsey & Company, will join as an advisor. This news builds on the recent announcements of Atheer's first acquisition of gesture recognition software provider ONtheGO Platforms and its new partnership with remote screen sharing and online collaboration software provider TeamViewer.

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"Smart glasses based AiR computing and augmented reality are on a path to becoming $100B+ industry. We're excited about the keen investor confidence in our vision for the industry, our team as well as the growing customer base for the AiR platform," said Alberto Torres, CEO of Atheer. "I'm also delighted that Joe and Michael are coming on board at a crucial juncture in our growth story. Joe's experience of growing an innovative technology company like Masimo into a powerhouse and Michael's out-of-the box thinking to transform Fortune 100 companies will be tremendous assets to Atheer."

"Atheer's AiR computing platform is a radical step forward for professionals in health and medicine because of its rich information display and touch-free gesture interaction," said Joe Kiani, CEO of Masimo. "I'm thrilled to join the Atheer board and guide this innovative technology so in future AiR may empower clinicians to deliver higher quality patient care."

"Augmented reality and smart glasses are sure to transform the way global organizations boost workforce productivity. Atheer is already delivering on this promise through a practical smart glasses solution including natural interactivity, remote collaboration and the ubiquity of the Android app ecosystem," said Michael Patsalos-Fox, CEO of Stroz Friedberg. "As an advisor, I look forward to working actively with the team to roll out this hands-free mobile computing platform to Fortune 100 companies."

In today's business landscape, companies have an estimated 110 million deskless professionals seeking to resolve problems quickly while keeping focus on the task at hand. AiR computing enables the deskless professionals to see critical work information in their field-of-view and interact with it using familiar gestures, voice commands, and motion tracking. It overlays digital content without interrupting workflow and provides friction-free access. Select Atheer customers and partners include Dassault Systemes, Flex, KPIT, Masimo, Optech4D, TeamViewer, Zurich Insurance Company, Lumus and NVIDIA.

In November, the company announced its new AiR Glasses and the cloud-based management and task flow interaction solution, AiR Suite for Enterprise. Now, Atheer has opened its online store and for a limited time, the customers preordering the AiR Glasses, priced at $3,950, will also receive a free 6-month subscription to the AiR Suite, a $300 value.

About Atheer
Atheer is the pioneer of AiR™ (Augmented interactive Reality) computing that is designed to enhance the productivity and safety of deskless professionals at Fortune 1000 companies. The award-winning Atheer AiR platform combines the power of immersive augmented reality with intelligent gesture, voice and head-motion interactions as well as real-time rich-media collaboration, all on a mobile smart glasses platform. Wearing the see-through AiR Glasses enables viewing rich information critical to workflows, interacting with the information naturally and collaborating with remote peers like never before – without the need to hold any device. Leveraging the Android-based AiR OS and the collaboration-centric AiR Suite, developers and companies around the world are creating next generation enterprise productivity applications and workflows to empower the 21st century workforce. The company is based in Mountain View, CA and is backed by prominent investors including Bobby Yazdani, Founder and Managing Partner of Cota Capital and Signatures Capital, and Farzad Naimi, Co-Founder & Managing Partner, RONA Holdings. For more information, please visit http://www.atheerair.com, follow us on Twitter and LinkedIn, and like us on Facebook.

Contact: Kirsten Maynard, 415.350.4147, [email protected]

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