AAVAA closes $2M seed funding round - Private Capital Journal
Summary
The round included $750,000 from Quebec Governments Impulsion PME program, administered by Investissement Qu\xe9bec.Anges Qu\xe9becs member and angel investor Guillaume Courtemanche has joined AAVAAs board of directors.Led by CEO Barclay Knapp and CTO Naeem Komeilipoor, AAVAA has developed a solution by fuses advancements in multiple fields to enhance our capabilities as humans, opening the door to a new era of Human-Machine Interaction. Founder Naeem Komeilipoor, Chief Technical Officer, received seed funding and start-up assistance from Montreal-based tech incubator TandemLaunch, and in July 2021 was joined by CEO Barclay Knapp, a successful serial entrepreneur and company scaling expert.AAVAAs world-first technology platform starts with unobtrusive sensors that can be included on the inside and around-the-ear portion of existing form factors such as earphones, earbuds, and eyeglasses, together with software that integrates easily with current device components.AAVAAs sensors detect a wearers attention space via decoding and combining brain signals, eye movement, and head direction, and detect a wearers intended action by recognizing intentional eye-blinks and other intentional facial movement all in real time.AAVAA has also perfected sound source separation technology which can be added to its configuration and allow users to directionally focus hearing devices such as earbuds and hearing aids.AAVAAs technology has been encompassed in several grants and filings with US and International patent agencies.About Investissement Qu\xe9bec Investissement Qu\xe9becs mission is to play an active role in Qu\xe9becs economic development by spurring business innovation, entrepreneurship, and business acquisitions, as well as growth in investment and exports. In addition, through Investissement Qu\xe9bec International, the Corporation also prospects for talent and foreign investment and assists businesses with export activities.About Impulsion PME Endowed with an envelope of $50 million, the Impulsion PME program, managed by Investissement Qu\xe9bec as an agent of the Government of Qu\xe9bec, aims to help young innovative companies with high growth potential to have access to start-up capital investment at the seed stage.About Anges Quebec Thanks to the strength and diversity of its network, Anges Qu\xe9bec strategically accompanies angel investors and passionate and innovative entrepreneurs. Founded in 2008, Anges Qu\xe9bec has over 230 members who have so far invested close to $130 million in more than 190 Quebec high growth potential companies, positioning itself as a leader in the Qu\xe9bec venture capital industry. AQC Capital teams up with Anges Qu\xe9bec, the largest angel investor network in the country, and together the groups bring smart capital to start-ups thanks to their experience and network.About TandemLaunch TandemLaunch creates, incubates, and accelerates early-stage technology start-ups based on inventions from the worlds top universities in the areas of artificial intelligence, computer vision, IoT, audio and advanced sensors.