Horus Technology, an Italian startup companyĀ that combines technologies taken from robotics, health tech and augmented reality to enhance the lives of the blind and visually impaired, has received a 900k dollars investment from 5Lion Holdings, a US diversified holding company focused on investments in new ideas and innovationĀ (downloadĀ here the press release).
Horus had raised 30k euros last March as seed investment in a reward Ā crowdfunding campaign on Ā Tim’sĀ #wcap Ā platform,
The startup will invest over 80% of the money raised in R&D with the goal of bringingĀ Horus, its main product, to the market by Q3 2016.Ā HorusĀ is a wearable deviceĀ that exploits state of the art sensors and algorithms in the field of robotics and artificial intelligence to translate visual information into audible signals that the user can hear through bone conduction speakers. The device is currently patent pending.
“We are confident that through this investment we will have the necessary support for our entrance intoĀ the U.S.Ā market,”Ā declared Horus Technology’s ceo Saverio Murgia.Ā “This investment will enable usĀ toĀ beĀ ready toĀ enter theĀ market by the end of 2016Ā andĀ supportĀ our growth,”Ā added the cto, Luca Nardelli.
Gianni, Origoni, Grippo, Cappelli Partners and Walder Wyss acted as legal advisors to 5Lion andĀ Andrea GiannoneĀ was 5Lion’s sole independent financial advisor. Horus Technology has been advised by Centrally on legal matters and by Widening spa for strategic matters.
