Augmodo
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Investors
Founders
About
Augmodo is a Seattle-based spatial-AI company that builds a wearable “Smartbadge” — a lightweight device equipped with dual cameras that employees wear on the job 12. The device continuously scans the physical environment using computer vision, 3D mapping, and spatial computing, and constructs real-time digital maps called “Realograms” that log inventory and asset locations without interrupting workers 12. Founded around 2020 and led by CEO Ross Finman, Augmodo originally focused on grocery retail and is now expanding into warehouses, factories, hospitals, and automotive facilities 12. The company says it maps more than 186 million square feet of retail space monthly and grew revenue 10x over the past year 12.
On 2026-07-13, Augmodo announced a $21 million funding round at a $350 million post-money valuation, led by existing backer TQ Ventures 12.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-13 | Growth | $21M | TQ Ventures | Lerer Hippeau, Jefferson River Capital, Arena Holdings, Chemist Warehouse, New Fare, Interlace, Webb Investment Network 12 |
What Investors Say
No independently sourced investor quotes found at announcement.
What Founders Say
“Fundamentally, someone grabbing a wrench in an automotive factory isn’t that different from someone grabbing a Cheerios box. It turns out that the algorithms work pretty well across all of those.” — Ross Finman, CEO, Augmodo 1
Sources
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GeekWire, “Augmodo raises $21M to push its spatial AI beyond just retail toward the broader physical workforce,” July 13, 2026. Accessed July 20, 2026. https://www.geekwire.com/2026/augmodo-raises-21m-to-push-its-spatial-ai-beyond-just-retail-toward-the-broader-physical-workforce/↩↩↩↩↩↩↩
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SiliconANGLE, “Spatial AI startup Augmodo raises $21M to expand beyond retail stores,” July 13, 2026. Accessed July 20, 2026. https://siliconangle.com/2026/07/13/spatial-ai-startup-augmodo-raises-21m-expand-beyond-retail-stores/↩↩↩↩↩↩