Intel Capital et al. back ProGlove

Bayern Capital and Gettylab also participated in the round. ProGlove hopes to speed up its production processes in the coming months in order to achieve market entrance in H2 2016.

The concept was developed during Intel's "Make It Wearable" competition in 2014. The annual event aims at promoting the development of wearable technology.

Company
Founded in 2014 and based in Munich, ProGlove develops a glove and wristband combination with integrated sensors and scanners, aiming to aid manufacturing and logistics workers. The technology is geared toward factory workers: it electronically captures their movements and alerts them to mistakes, locates missing parts and automates inventory by scanning the barcodes of the parts they use.

People
Bayern Kapital – Georg Ried (managing director).
ProGlove – Thomas Kirchner (founder, managing director).

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• Topics
• Early-stage
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• DACH
• Germany
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• Intel Capital