Usually, we try to keep our blog’s focused on substance related to the intersection between sensors, signal processing, and artificial intelligence.
But this time we’re making an exception and taking the opportunity to toot our horn a little.
We’ve had a really good week at Reality AI last week, and we want to tell you about it.
$1.7 million Seed Round
Last Monday morning, we announced that our Seed investment round has closed and that we had raised just over $1.7 million. The round was oversubscribed in the end, and we extended the round twice to accommodate some terrific investors who wanted to participate.
One of those was the TechNexus Venture Collaborative, a firm out of Chicago that works with both startups and corporate innovation groups. Far more important to us than the investment dollars will be engagement with the corporate network that TechNexus brings to the table. We’re very excited to be working with them.
Under the spotlights at TechCrunch Disrupt
Later on Monday, we were exhibiting at TechCrunch Disrupt NY on the AI Pavilion. If you don’t know about Disrupt, it's the premier event for showcasing startup activity, and as New Yorkers we were very happy to be on home turf. The TechCrunch media team visited our booth and did an interview, released on Wednesday, which you can see below.
We have a winner!
Fantastic as that was, what happened on Thursday was better still.
While the New Yorkers were at Disrupt NY, Nalin Balan (our guy on the ground and Head of Business Development for Silicon Valley) was exhibiting at Internet of Things World in Santa Clara – one of the main events for all things IoT.
IoT World sponsors a startup pitch competition in conjunction with Project Kairos, looking for the most innovative startups active in the Internet of Things. Nalin presented Reality AI at the Project Kairos competition, made the finals out of more than 100 startups, and WON!
Reality AI was awarded the “Innovation of Things ” award at IoT World.
“We were looking for the innovative and potentially most valuable (company)” said Eric Winsborrow, spokesperson for the panelist of judges and CEO of Distrix Networks, the 2016 Innovation of Things Award winner.
“What we liked about (Reality AI) the most is that it had a huge impact. It was really game-changing, yet the approach was simple enough. It essentially allowed all the blue sky without boiling the ocean.”
We’re so proud! Proud of the hard work by our team, and proud of the incredible customer engagement that has allowed us to build such a great product.
Thanks for letting us brag a little. Back to the substance in our next blog post. We promise.