Self-Description

ProGlove develops smart industrial wearables that enable manufacturing and logistics staff to work faster, safer and more efficiently. Process steps can be documented hands free whilst receiving instant feedback. Therefore, ergonomics, efficiency and quality are considerably improved. We connect the worker with the Industrial Internet of Things (IIoT). Because we believe that no matter how automated working steps become, workers will remain an indispensable. Robots cannot substitute every step and system in the foreseeable future, therefore wearable devices are the connecting point between humans and machnes. Our smart solutions are used by renowned organizations in manufacturing, production, logistics and retail. ProGlove was founded in December 2014 after winning the Intel "Make it Wearable" Challenge in Silicon Valley. Following rapid growth, ProGlove successfully completed its second round of financing in 2018 with investors DIVC, Intel Capital, Bayern Kapital and GETTYLAB. ProGlove employs 133 people from over 40 countries at its two sites in Munich and Chicago.

Primary Company Info

Headquarters:
Munich, Germany
Country:
Germany
Year Founded:
2014
Company Segment:
Internet of Things
Website:
Active Markets:
Global

NC Company Overview

ProGlove is a company that produces revolutionary wearable barcode scanner gloves that connect workers in industrial and manufacturing settings to internet of things (IoT) enabled devices. The ProGlove devices can integrate efficiently with the systems used in warehouses and manufacturing plants to allow workers to scan barcodes used for tracking without having to pick up or carry around bulky scanning equipment. This can save a significant amount of time, speeding some processes up by as much as 50%. The benefits of using the ProGlove devices can be seen not only in packing and logistics but also in manufacturing and production, allowing for the scanner to become an extension of the worker’s tools. The ergonomic design and user-friendly interfaces to the scanners make them extremely simple for workers to get used to, and convenient to implement. As of May 2019, ProGlove has received funding from major venture capital investors including Bayern Kapital, Deutsche Invest Venture Capital, Gettylab, and Intel Capital. ProGlove, based in Munich, Germany has over 130 employees of 40 different nationalities. It is used by many major companies in industries including retail, automotive, manufacturing, logistics and industry, and customers include big names like Volkswagen and Lufthansa Teknik.

Related slides

Edition June 2019

The latest NOAH Bible is out! Featuring an update on our conferences and a valuation / industry KPI snapshot for:

  • Company valuation work
  • Peer group analysis
  • Industry KPI benchmarking
  • Financial analysis