$570 Million Spent On Wearable Tech



By now you should not be surprised that wearable tech is big business. But you may be surprised about just how big it is. According to new research CB Insights, a New York based firm that does research on how venture capital firms spend their cash, showed that investments in wearable technology companies accounted for a whopping $570 million in total.

While those investments are spread out over a number of different companies and a variety of projects, the overall investment in a field that has yet to show significant profit generating potential, is a strong vote of confidence. This research includes money given both to the physical developers of products and to app developers for projects like Google Glass.

Source: Upstart
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