Aerial Technologies raises $3.9 mln in Intel Capital-led round
Aerial Technologies, a Montréal-based wireless motion analytics software platform, has secured about $3.9 million (US$3 million) in follow-on financing. The round was led by Intel Capital. It was joined by Fonds Innovexport, which co-led Aerial's seed financing in 2017, as well as Kibo Ventures and Telefónica Open Innovation. Founded in 2015 by CEO David Grant, CTO Michel Allegue and VP Engineering François Morel, Aerial's technology leverages wireless infrastructure and machine learning to detect presence and motion in the home and other venues. The company, incubated and backed by TandemLaunch, will use the funds raised to add new functionalities, advance its IP portfolio, and hire more talent.
8 November 2018•4 mins read
