APX Labs, a provider of wearable technology for the hands-on workforce, completed its latest round of financing.

APX Labs’ most recent funding round was led by New Enterprise Associates, a global venture capital firm focused on helping entrepreneurs build businesses across multiple stages, sectors and geographies.

Investors in this financing round include CNF Investments, GE Ventures, Salesforce Ventures and SineWave Ventures, among others. Through this new round of investment, APX Labs has raised $29 million to date, a company statement reported.

“APX Labs is a stand-out among the innovative companies using software to transform the industrial world,” said Ralph Taylor-Smith, managing director, GE Ventures. “This emerging space has captured the attention of nearly every industry, and we see huge potential in their technology to lower costs, increase productivity and improve safety.”

GE is conducting pilot trials of APX’s Skylight platform for wearables technology, an initiative that connects GE smart glasses users to the data, machines and colleagues they need to complete business tasks. “This effort shows the vast untapped potential in the industrial enterprise,” said Brian Ballard, CEO and co-founder, APX Labs.