Imagimob Raises Up To SEK 8 Million to Further Advance Artificial Intelligence (AI) in IoT Devices

STOCKHOLM, September 1, 2016 /PRNewswire/ — Stockholm-based AI startup Imagimob raises up to SEK 8 million in equity and debt in a founding round led by Stockholm Business Angels (Stoaf). The company will use the funds to accelerate R&D, expand international sales activities and to strengthen the company’s IP portfolio.      (Photo: http://photos.prnewswire.com/prnh/20160831/402955 ) Imagimob have invented and developed SensorBeat, a patented AI technology that allows for advanced motion recognition on small, low-cost and low-power IoT hardware devices. The technology can potentially be used in an almost unlimited number of applications in a range of different vertical segments. Imagimob has currently 10+ customers, many of them large, international companies. “Imagimob is a company with leading edge technology and strong customer traction in a very interesting segment of the market,” says…


Link to Full Article: Imagimob Raises Up To SEK 8 Million to Further Advance Artificial Intelligence (AI) in IoT Devices