40 million US dollars in growth capital
ProGlove receives million-euro investment from Summit Partners
ProGlove, a specialist in industrial wearables, has received an investment of 40 million US dollars from the international private equity firm Summit Partners. The company plans to use these funds to expand its international presence and drive forward the connection of human workers with the Industrial Internet of Things (IoT).
ProGlove aims to improve the efficiency and effectiveness of scanning processes in manufacturing, logistics, transportation, e-commerce and retail with its glove scanner. ProGlove's products are integrated into the factory and warehouse processes of some of the world's best-known brands.
"Manufacturing and shipping processes increasingly reliant on intelligent scanning solutions"
"The market for industrial wearables is large and growing rapidly, and we believe ProGlove is well positioned to grow further as manufacturing and shipping processes increasingly rely on intelligent scanning solutions to optimize productivity," commented Johannes Grefe, Principal at Summit Partners and new member of ProGlove's Supervisory Board.
Four seconds per scan
The company's glove offers an ergonomic, hands-free barcode scanning solution that helps employees increase productivity and optimize workflows. ProGlove's small and lightweight wearable design allows users to reduce scanning time by up to four seconds per scan, according to the company. In a warehouse or on a factory floor, this reduction means up to a 50 percent improvement in scanning efficiency for some ProGlove customers. The intelligent glove also provides the user with direct feedback via visual, haptic and acoustic signals, which helps to avoid errors and improve process quality.
You might also be interested in
Pick-by-voice solution with wearable scanners
Proglove is cooperating with Topsystem, a division of the Ehrhardt Partner Group (EPG), to meet the industry's high demand for mobile logistics solutions.
read more...More dynamic processes at Flaschenpost
Wearable scanners replace stationary workstations
The online supermarket Flaschenpost has been using wearable scanners from ProGlove since 2020. The company is thus increasing the efficiency, quality and ergonomics of its warehouse processes.
read more...Industrial scanners for harsh environments
Honeywell presents 'Granit Ultra 2105i', an industrial scanner for demanding environments in production and logistics.
read more...AI robotics program: Sereact and Rohlik Group cooperate
Sereact and the Rohlik Group want to work together to drive forward the industrial scaling of AI-controlled robotics in the e-grocery sector. With the launch of an AI robotics program at several locations in Germany and Austria, the two companies...
read more...Innovation below sea level
Kesko is a Finnish conglomerate operating in the food retail, construction and technical trade and automotive sectors. The company has reached a milestone in its e-commerce strategy by setting up its first micro-fulfillment center in the Ruoholahti...
read more...Knapp and Covariant extend partnership
Knapp and Covariant, a company for AI-supported image processing and robotics, are continuing their collaboration: the two companies announced the extension of their multi-year partnership last week.
read more...Arvato's new palletizing robot in incoming goods
Arvato has successfully put a new palletizing robot into operation at its site in Venlo, the Netherlands.
read more...The Kanban shelf goes digital
Würth Industrie Service has developed the i-Terminal, enabling the complete digitalization of the Kanban rack.
read more...Bestseller builds highly automated and efficient logistics center
Global fashion retailer Bestseller has chosen to work with Knapp, a leading automation technology company, to equip its new logistics center in the Netherlands with more than 1,400 robots.
read more...