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Lemnos Labs Inducts New Companies, Secures $1.85 Million in Round of Funding & Adds an Entrepreneur in Residence
SAN FRANCISCO, CA, Nov 16, 2012 (MARKETWIRE via COMTEX) --
Core News Facts:
-- Lemnos Labs, a full-service hardware incubator, today announced five
new companies along with funding and an entrepreneur in residence
(EIR) to support its overall growth in the Silicon Valley hardware
industry.
-- MIT graduates Jeremy Conrad and Helen Zelman founded the incubator in
2011 to provide early-stage startups with a built-in network and
access to the tools and resources necessary for success.
-- Bia, NanoSatisfi, Revolve Robotics and Unmanned Innovation have turned
to Lemnos Labs for support in developing and bringing their products
to market.
-- Bia: The first iconic sports brand built around data and women,
Bia is the only online and on-body fitness platform with real-time
connectivity.
-- NanoSatisfi: A space data company, NanoSatisfi provides affordable
and convenient access to space through nanosatellite
infrastructure and user definable data collection capabilities.
-- Revolve Robotics: Creating a tablet-based robotic platform that
enhances video calling with remote controlled movement, Revolve
Robotics enables consumer grade telepresence.
-- Unmanned Innovation: Poised to transform the Unmanned Aerial
Vehicle (UAV) industry, Unmanned Innovation leverages technologies
developed for military applications and packages them as a
development platform.
-- Lemnos Labs' $1.85 million in funding will allow existing and future
startups within its program to successfully execute upon their
roadmaps and expand resources offered within the incubator.
-- Investors include Alex Lloyd of Accelerator Ventures, Alex Vikati, Ash
Patel, Matt Mullenweg's Audrey Capital, Daniel Abrams, Don Hutchison,
Edwin Ong, Jack Herrick (founder/CEO of wikiHow.com), Naval Ravikant,
Othman Laraki, Paul Sethi and Seraph Group.
-- The company has also enlisted Eric Klein, managing partner at Klein
Venture Partners, as its EIR. With hardware and software experience at
Nokia, Apple and Palm, Inc., Eric will support the Lemnos Labs core
team and serve as an advisor to its supported companies.
Quotes:
Jeremy Conrad, co-founder, Lemnos Labs
"We're excited about the
traction hardware is gaining in Silicon Valley and thrilled to play a
part in the evolution of the space. With our new lineup of companies,
a solid round of funding, as well as valuable guidance from Eric
Klein, we're looking forward to accelerating the growth and shaping
the direction of the hardware community."
About Lemnos Labs:
Lemnos Labs, a hardware incubator based in San
Francisco, provides seed-funding, mentorship and resources to
talented engineers with innovative ideas and a passion for building
things. The company equips hardware startups with the space, tools
and network they need to build high-value products that attract angel
investors and venture capitalists to ultimately establish a
sustainable business and bring the product to market. The company
aims to lead this charge by kick-starting technologies that solve
real-world problems. A list of our companies, mentors and more
information can be found at www.lemnoslabs.com.
Contact:
Brittany Votto
Inner Circle Labs for Lemnos Labs
Email Contact
(415) 684-9406
SOURCE: Lemnos Labs
http://www2.marketwire.com/mw/emailprcntct id=FD21132A560D7B3C
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