Traken Technologies to Receive $25k in Seed Funding
Summary
Traken Technologies, a Phoenix based start-up that develops an access control system for stores, will receive $25k in seed funding.The capital will be provided by the Arizona Commerce Authority and BioAccel, as part of the AZ Furnace Accelerator, the state’s technology transfer startup program.Traken Technologies is developing an access control system with a secure mobile-cloud data acquisition system to help local, national and multi-national convenience stores reduce loss due to theft, while protecting critical data belonging to the retailers and their customers.AZ Furnace is statewide, public-private partnership among the Arizona Commerce Authority, BioAccel, Arizona State University, Northern Arizona University, University of Arizona, Thunderbird School of Global Management, Arizona Technology Enterprises, and Dignity Health Arizona.The program will connect these early stage startups with other programs available across the state.