Motion detection startup Aerial Technologies raises $2.25 mln in VC
Montréal motion detection startup Aerial Technologies Inc has raised $2.25 million in a convertible note financing. The round was led by Fonds Innovexport and entrepreneur and investor Jean-François Grenon. They were joined by strategic investors Kibo Ventures, Wayra and Quebecor Group, as well as angel investors affiliated with TandemLaunch. TandemLaunch incubated Aerial and also invested. Founded in 2015, Aerial is a software company that uses Wi-Fi signals and artificial intelligence to detect presence and motion. Led by CEO David Grant, it is focused on commercializing its technology with partners in the telecommunications industry.
11 July 2017•5 mins read
