Augmodo raises $37.5 million in Series A funding to enhance spatial AI technology for the retail industry.
Target Overview
Augmodo is a pioneering company specializing in spatial AI, which focuses on enhancing retail operations through innovative technology. The company has developed a real-time inventory and task tracking system that utilizes wearable devices known as Smartbadges to create live 3D maps of retail environments. Recently, Augmodo successfully secured $37.5 million in Series A funding, aimed at accelerating its mission to transform the retail sector.
The funding round was led by TQ Ventures, alongside participation from existing investors such as Lerer Hippeau, NewFare, WIN, and Interlace. New investors also joined the round, including Arena Holdings, founded by Feroz Dewan—formerly of Tiger Global—as well as Jefferson River Capital, a family office of Tony James, former President and COO of the Blackstone Group.
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Industry Overview
The retail sector is undergoing significant transformation driven by technological advancements, particularly in the realm of artificial intelligence (AI). In recent years, retailers have faced increasing pressure to optimize their operations and
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TQ Ventures
invested in
Augmodo
in 2025
in a Series A deal
Disclosed details
Transaction Size: $38M