TQ Ventures Leads $21M Investment in Retail Spatial AI Firm Augmodo

Augmodo, a Seattle-based startup, has secured $21 million in funding to advance its wearable spatial computing platform for retail inventory tracking. The investment was led by TQ Ventures, though the round type was not specified. Augmodo develops a passive Smartbadge™ worn by store associates that, combined with its physical AI software, captures real-time shelf data to monitor product availability, planogram compliance, and promotion execution. The system generates a Spatialview™ dashboard that gives brands and retailers a live, store-level view of conditions without requiring operational changes from staff. Augmodo claims its hardware costs 100 times less than competing solutions and can be set up in under 30 minutes per store. The company’s client list includes Amazon, eBay, Atlassian, Grammarly, Live Nation, Oculus, Wyze, Tempo, Scotch Porter, and Hopin. The startup emphasizes privacy, stating that its on-premise filtering processes only shelf data and does not track associates or customers. Augmodo did not disclose how it will allocate the new capital. The funding arrives as retailers increasingly seek automated, low-capex tools to reduce out-of-stocks and improve on-shelf availability, a space where computer vision and spatial AI are gaining traction against traditional manual audits and camera-based systems.