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Augmate

Augmate

The world's first blockchain agnostic IoT device management platform.

38% Funded

$12,095,000

Amount Reserved

$32M

Funding Goal

$10,000

Minimum Reservation

36

Days Left

Numbers displayed include non-binding reservations before investors are verified, signed, or closed.

Time Until Current Discount Ends

Current Discount: 1 MATE = $0.0088  (12% Discount)

Discount RATES

Discount from base price/0% discount. Base price is 1 cent USD/MATE

  • 18%

    S-4 Discount Rate

  • 12%

    S-5 Discount Rate

  • 6%

    S-6 Discount Rate

  • 0%

    S-7 Discount Rate

Current ICO Results

Augmate

MATE 0
MATEs Sold

$ 12,000,000.00
USD Raised

You transfer (USD)

You receive (MATE)

Time Until Token Sale Closes

TOKEN DESCRIPTION

Role of Coin/Token - Security Token

Symbol - MATE

Maximum supply (hard cap) - 50 billion MATEs

Available for purchase - 15 billion MATEs

Accepted currencies - USD, ETH, BTC

Price - 1 USD = 100.00 MATEs at 0% discount (only)

Minimum transaction amount - $10,000

Main ICO sale period - 04/26/2018 to 06/30/2018

Coin distribution - Based on SAFT Agreement

Goal - $32.00 Million

If minimum not met - Refunds will be issued via the smart-contract

NOTE : Our minimum was hit during presale

Elevator Pitch

Augmate Connect is the world's first blockchain agnostic IoT device management platform.

KPIs

10 Employees
1 Issued Patents

Company Overview

We’re here to push the ecosystem forward. Our technology removes the traditional barriers of interoperability, time, and adaptability. In doing so, we’re poised to help shape a “Fourth Industrial Revolution” by bridging the gap between inflexible business information systems, wearables and all of IoT through true modularity to streamline supply chain and production processes in an unprecedented way.

Learn more at augmate.io

Traction

  • $12M+ investment received from token sale

    March, 2018
  • MATE token sale launches

    December, 2017
  • Gartner "2017 Cool Vendor" Award

    November, 2017
  • Wearable platform begins expansion to IoT with Augmate Connect

    April, 2017
  • Wearable Environment Manager (WEM) launches

    June, 2016
  • Awarded US Patent for Wearable Device Management & Analytics

    September, 2015
  • First pilot for UPS

    July, 2015
  • Pilot program with Toyota

    July, 2014
  • Named Google Glass@Work Partner

    June, 2014
  • $3.5M seed round led by Tim Draper, Siemens, UPS and others

    January, 2014

Pitch Deck

Press Mentions

Key Customers & Partners

AGCO AMRC Area AT&T BrainXchange Epson Evolar Expert Teleportation GETVU GNOSYS Google Intel Next Helm ODG Optech4D Optinvent Pristine Proceedix Quantum Interface Recon Instruments Remote Eye SAP Streye Verizon Wireless Ubimax Vidiemme Consulting Vuzix

Testimonials

Tim Draper
Tim Draper
CEO / DFJ
"Augmate is awesome. I am thrilled to be an angel investor."
Paul Travers
Paul Travers
CEO / Vuzix
"As the number of enterprise applications for leading devices such as the Vuzix M100, and the soon to be released M300 continues to expand, we are pleased that our partnership with Augmate helps our clients securely deploy and manage our devices within their workplace."
Peter Verstraeten
Peter Verstraeten
CEO / Proceedix
"Augmate's platform helps us centrally manage our customer smart glass pilots, and we know that our enterprise customers will see this solution as a necessity as they start to deploy production rollouts in 2016 and beyond."

Previous Funding

  • $12,000,000 SAFT
  • Raise Source: Investors
  • March 2018
  • $100,000 Equity
  • Raise Source: Investors
  • April 2016
  • $500,000 Equity
  • Raise Source: Investors
  • December 2015
  • $750,000 Convertible Note
  • Raise Source: Investors
  • June 2014
  • $750,000 Convertible Note
  • Raise Source: Investors
  • April 2014
  • $1,300,000 Convertible Note
  • Raise Source: Investors
  • January 2014

Frequently Asked Questions

What is Augmate?

Augmate was founded in 2013 as a B2B enterprise company specializing in managing and provisioning wearable devices. Augmate was both an original Google Glass@Work Partner and recognized as a Gartner Cool Vendor in 2017. Consumers will be a major part of Augmate’s future. Our platform will expand to include consumer focused device management to allow everyone to realize the benefits of securing and managing their IoT devices. Although the original business vision was focused on wearable device management, we understood the need for a human-to-machine management platform for all IoT devices that takes both security and speed into consideration. Augmate’s current vision is to create a single management and provisioning system for IoT environments using our Augmate Connect platform coupled with distributed ledger protocols.

Where is Augmate based?

Augmate is based in New York but has a global footprint for product development including Silicon Valley, India, and Ukraine. We are also collaborating with business partners in Mexico to expand our Center of Excellence capabilities and to better service Latin America.

What is the Augmate Connect platform?

Augmate Connect will be the premiere platform for both the provisioning and management of IoT devices using a combination of traditional, blockchain and distributed ledger protocols. In the beginning, Augmate Connect will exist at the application level while we remain blockchain agnostic and implementing protocols to manage both device data communication and speed. In the future, Augmate plans on developing its own in-house protocol to be leveraged by the Augmate Connect platform.

When is Augmate Connect going to launch?

The platform is expected to have its commercial launch mid-summer, 2018. It will be available for corporate clients and will allow us to issue the tokens pertaining to the SAFTs at that time.

Is Augmate open source?

Although Augmate will be leveraging multiple open source protocols, our core platform is not open source at this time. As we develop our own in-house blockchain protocol to be used in conjunction with our Augmate Connect platform, we may consider making it open source due to the typical open-garden nature of distributed ledger protocols.

Why is Augmate going enterprise first?

The Augmate Connect platform for IoT environments will be launched in mid-2018 for enterprise customers and we expect the consumer platform to be ready by the beginning of 2019. Augmate has always been enterprise-facing and will strategically launch the commercial platform first. We will then refine and polish the product during its initial rollout prior to consumer deployment.

When is the Token Sale?

Our Token Sale started on December 15th, 2017 and extends until June 15th, 2018. Accredited investors can participate in our sale by going to ComplyAPI by Coinlist. International Investors are covered under Regulation S rules as per our SAFT and supportive PPM.

Can non-accredited investors participate?

In the U.S., only verified accredited investors can participate. For international investors, we realize that it is often difficult to document accreditation status so they should contact us directly if they are having difficulty with the accreditation verification. Regardless, all investors will need to be verified under KYC/AML.

What is your hard cap and what is the total supply of tokens?

Our total hard cap is $32 million. Each round is hard capped at $10 million, and once that threshold is met, the sale automatically moves to the next discount round. The total supply of MATE tokens is 50,000,000,000 (50 billion). 30% of tokens will be sold in the crowd sale. For a breakdown of both our token metrics and future funding use go to https://www.augmate.io/connect/#our-mate-token

What happens to unsold tokens?

Unsold tokens will be added to the MATE Foundation to encourage use of the platform, bring on potential partners, and maintain our rewards pool.

Is there a vesting schedule for the tokens?

Our tokens will vest when the Augmate Connect platform launches, expected the summer of 2018. They will unlock via a smart contract at 1/6th of the purchased MATE tokens per month for 6 months following vesting.

Is Augmate a utility token?

While our token has as utility attributes, we are initially offering it as a SAFT (Simple Agreement for Future Tokens) security and will launch it as a security token which will trade on exchanges that are compliant for trading security tokens. Our SAFT and the Private Placement Offering Memorandum have been registered with the SEC. Based on our interpretation of SEC guidance, we will proceed in this direction. Our focus is on protecting our investors and business from undue risks whether that is in regulatory uncertainty or forced reclassification.

How does the MATE token add value to Augmate’s ecosystem?

Our MATE token serves two purposes: access and transactions. The Augmate Connect platform can only be accessed via our MATE token and users will need to be authenticated to use the portal. It will also act as the means of exchange on our Augmate Marketplace—an app store for device manufacturers and developers. App developers will be able to earn MATE tokens from the sale of their applications. MATE tokens will be used in our loyalty program through a rewards-based system carried out from our designated token pool. MATE tokens will also be used to cover IoT blockchain fees from third-party protocols. The token offers no governance rights in the company, nor does it offer any form of dividend.

Risks & Disclosures

See SAFT agreement (listed as Basic Term Sheet)

Documents

Official filing on SEC.gov

Company documents

PDF
Basic Term Sheet April 24th, 2018
PDF
White Paper April 24th, 2018
PDF
Executive Summary April 24th, 2018
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