Khosla Ventures Invests $ 5 Mn In Wearable Device Maker Theatro In Series A

Khosla Ventures Invests $ 5 Mn In Wearable Device Maker Theatro In Series A

Theatro, a US and Bangalore based voice controlled wearable communications device maker for hourly workers in the retail, hospitality and manufacturing market segments, has raised $5 Mn investment in Series A round led by Khosla Ventures.  With this round, total funds raised by Theatro has reached to $8.8 Mn.  Ben Ling, investment partner at Khosla Ventures, has joined Theatro’s board of directors, as a part of deal. 

The funds will be used to help Theatro aggressively expand its sales and marketing efforts as well as broaden and accelerate product innovation. 

“Improving workforce productivity and customer satisfaction is at the heart of Theatro’s suite of products and is a major challenge for most retailers,” said Ling. “We are excited to work with Theatro during their next phase of growth as they roll out the service to retailers across the nation.”

Theatro has developed a voice-enabled enterprise wearable coupled with a software suite of productivity applications for brick and mortar retail, hospitality and manufacturing enterprises.  Its “Heads-Up and Hands Free” mobile communications and management solution, delivered over the in-store WiFi to every hourly employee, basically a solution for the on the move workforce. It provides management unprecedented insights to increase sales associate productivity, conversion rates and store profitability while enabeling hourly employees access to the information they need to provide a new level of customer service.  

“Hourly employees are one of today’s most valuable workforces, and they could be more effective and productive with innovative technology tools available to them,” said Chris Todd, Theatro CEO.  “Ben Ling and Khosla Ventures share our vision of the prominent impact that enhanced enterprise communications can have on mobile workforces by connecting employees to one another while they’re on the job and also to their company’s business information.  We are very excited to be teaming with KV as we redefine the future of this important and growing workforce”.

Theatro was founded in 2012 by Chris Todd, Ravi Shankar Kumar, Patrick Fitzgerald and Guy VanBuskirk, it is headquartered in Dallas and has opened a research and development (R&D) center in Bangalore, in February this year. 

This year a number of funding activity has taken place in the wearable device segment which includes recent funding of GOQii, Fin. 

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Khosla Ventures Invests $ 5 Mn In Wearable Device Maker Theatro In Series A-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Khosla Ventures Invests $ 5 Mn In Wearable Device Maker Theatro In Series A-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Khosla Ventures Invests $ 5 Mn In Wearable Device Maker Theatro In Series A-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Khosla Ventures Invests $ 5 Mn In Wearable Device Maker Theatro In Series A-Inc42 Media
Khosla Ventures Invests $ 5 Mn In Wearable Device Maker Theatro In Series A-Inc42 Media
You’re in Good company