Exoskeleton Tech Startup HeroWear Raises $5 Million in Series-A Funding to Accelerate Growth
Summary
NASHVILLE, Tenn. HeroWear , a private startup specializing in occupational exosuit solutions, announced $5 million of Series-A funding from venture capital investor White Road Investments , partnering with Engage to accelerate their work with top enterprises. The Government Accountability Office (GAO) recently called for OSHA to address overexertion concerns and improve standards around ergonomics to prevent lifelong musculoskeletal disorders (MSDs).HeroWears Apex 2 exosuit is one of the most scientifically and academically validated on the market. Elastic bands in the exosuit serve as an extra set of back muscles to assist workers who lift and bend repetitively, reducing strain by 20-40%. Through our partnership with Engage and White Road Investments, we look forward to accelerating our growth and expanding our sales and services teams to keep up with the demand weve seen in the market.Engage is a collaborative innovation and corporate venture program backed by 14 industry-leading enterprises and Georgia Tech. Their partners include Chick-fil-A, The Coca-Cola Company, Cox Enterprises, Delta Air Lines, Georgia-Pacific, Georgia Power Foundation, Georgia Tech, Goldman Sachs, The Home Depot, Inspire Brands, Intercontinental Exchange, Invesco, RaceTrac, Tech Square Ventures, Unum, UPS, and Wellstar.We are thrilled to bring HeroWear into our program, says Engage Partner Bill Nussey.