Aerial Technologies Raises $3Million US Additional Funding Led by Intel Capital to Boost Functionality Offering and Patent Portfolio
Aerial Technologies Uses Artificial Intelligence to Analyze Disruptions in Wifi Networks, Extract Data, and Ultimately Give Meaning to Motion, Without Requiring Additional Hardware, Wearables or Cameras
Aerial Technologies, the pioneer in wireless motion analytics powered by AI, announced $3 million US additional capital investment led by Intel Capital, with follow-on investments from Fonds Innovexport, Kibo Ventures, and Telefónica Open Innovation. The growing list of both strategic investors and venture capital companies illustrates Aerial’s momentum in the smart home, security, home care/healthcare, energy management, and hospitality industries.
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This capital will be used to accelerate the addition of new functionalities requested by the market and to further advance Aerial’s IP portfolio. Aerial is actively recruiting new talents for its Engineering, R&D, and Operations teams based in Montreal, one of Canada’s hubs for artificial intelligence research and development. Aerial is also hiring in sales and customer support to expand its global reach.
“I am both excited and delighted that Intel Capital has become a strategic investor in Aerial. We are looking forward to work closely with Intel and our existing investors on our quest to enable Aerial smart motion everywhere there is WiFi,” says David Grant, Aerial’s CEO.
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“Applications for artificial intelligence continue to accelerate innovation across industries, including the field of wireless communications,” said David P. Ryan, General manager of Health & Life Sciences Sector, Internet of Things at Intel. “AI can discover deeper insights from data and the versatile capability of Aerial’s wireless technology is well positioned to drive intelligence at the IoT edge.”
Aerial provides ISPs and MSOs, healthcare players, security systems integrators, and smart object manufacturers with a unique cloud-based, low-cost solution that leverages existing wireless infrastructure and machine learning to give context, meaning and value to motion. Aerial’s passive and contextual solutions do not require users to interact with them, they recognize users and background.
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