Source : Reuters
TuringSense, Wearable Sports Technology Start-up, Raises $3M in Seed Funding
Investors Hail From Angel Plus, China Rock Capital, Ideosource and More
CAMPBELL, CA–(Marketwired – Nov 18, 2015) – TuringSense, a Silicon Valley pioneer of wearable sports technology, announced today that it completed a $3 million round of seed funding. Participating in the round were Angel Plus, ChinaRock Capital, Ideosource, SV Tech Ventures, Zen Water Capital, along with several serial entrepreneurs and angel investors.
“Being able to attract such prestigious investors is recognition of the large market potential of our cutting-edge wearable technology with its innovative multi-sensor, high-speed full-body motion analysis,” said Limin He, co-founder and CEO of TuringSense. “This funding gives us the financial strength to advance our goals of revolutionizing the way sports are played, practiced, and coached by transforming training methods that enable athletes to optimize technique and prevent injuries.”
TuringSense will leverage the funds to aggressively expand R&D, marketing and sales in support of the launch of its first product, PIVOT, the most advanced wearable technology for tennis today. The current funding round will also enable TuringSense to further development of solutions for a wide range of other potential markets such as other sport, physical therapy, insurance compliance, rehabilitation, posture correction and virtual reality/augmented reality and gaming.
“With the current strong growth in the wearables market around the world, we believe the potential for TuringSense’s pioneering technology is unlimited,” said Xitai Sheng, general partner at Angel Plus. “In addition to tennis, which is hugely popular and growing in China, their technology opens up a whole new world of potential target markets not possible with current wearable products — such as golf, healthcare and gaming. And through our smart device incubator, A+Labs, we’ll offer a full package of production service to TuringSense.”
“In our due diligence for this round of funding, TuringSense is a perfect investment for us,” said Jun Li, general partner at China Rock and SV Tech. “We found in TuringSense a team of world-class engineers and top athletes bringing stunning wearable technology to market. We saw the team’s strong passion and background in technology and sports, and believed that tennis was a great beachhead, go-to-market strategy.”
TuringSense is developing wearable technologies using biomechanics, sensors and artificial intelligence (AI) to help athletes learn and master complex movements, avoid injuries and conquer the competition.
The company was founded by serial entrepreneurs and seasoned leaders who are also technologists and advanced athletes. The co-founders are: Dr. Limin He, CEO, a serial entrepreneur and mathematical genius; Chris Lim (aka Taufik Arifin), VP of Product and Marketing, a technologist and advanced taekwondo practitioner; and Dr. Joseph Chamdani, CTO and VP of R&D, a technology system innovator and holder of 46 US patents, and a college level tennis player (level 5.5).
“We see TuringSense’s innovative solution having great potential in the Internet of Things (IoT), remote coaching, healthcare, and industrial services. Especially here in Asia where the sport and health markets are large and growing,” said Andi Boediman, managing partner of Ideosource. “Also, TuringSense’s great initial entrance with its tennis application illuminates the company’s overall vision of expanding to other sports and VR/AR gaming. TuringSense has the capability to tap into the Asian game development community, which has been a substantial driver in supporting gaming companies around the world.”
TuringSense will fully launch and open pre-orders for the product on Kickstarter in December 2015. For updates, please check the company website at www.turingsense.com.
Source : Reuters