This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

APX Labs Nabs $10M Round

NEW YORK (The Deal) -- Smart glasses and wearable visual computing continue to attract capital, with software developer APX Labs raising $10 million from New Enterprise Associates, in a deal announced Tuesday.

APX's Skylight software platform allows smart glasses such as Google's (GOOG - Get Report) Google Glass or Epson America's Moverio to integrate data and content from corporate systems developed by SAP (SAP - Get Report) Microsoft (MSFT - Get Report) and others.

The technology would allow remote workers for an energy company or medical staff to access manuals or instructional videos, or relay visual communications to a physically remote superior, without using their hands or stopping work, among other applications.

"Wearables are the next exciting mobile platform," APX co-founder and CEO Brian Ballard said.

Must Read: New Shareholder Rejects VW's Scania Offer

The investment increased APX's total capital raise to $15.8 million. NEA partners Peter Barris and Dayna Grayson will join the board of the Herndon, Va., company. Though on a much smaller scale, the deal followed Facebook's (FB - Get Report) blockbuster $2 billion purchase of virtual reality hardware developer Oculus.

Facebook's purchase is not directly analogous. APX develops software, not hardware. Oculus makes virtual reality headsets that provide a view of an alternate reality, unlike smart glasses that augment vision with displays.

However, medical, educational and other uses of the products overlap.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FB $107.12 2.76%
GOOG $766.64 3.20%
MSFT $55.18 1.50%
SAP $79.71 0.90%
AAPL $117.29 -0.85%


Chart of I:DJI
DOW 17,888.35 +168.43 0.95%
S&P 500 2,102.63 +22.22 1.07%
NASDAQ 5,156.3060 +47.64 0.93%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs