Just a month after announcing their startup has received $1.5 million in seed capital, creators of Indiegogo alum Skully have revealed the California company has raised $11 million during Series A funding.
According to TechCrunch, Walden Riverwood Ventures and Intel Capital led the round, along with participation from Formation 8, Techstars, and Western Technology Investments. Part of the funds will go towards the manufacturing of SKULLY’s smart helmet, the AR-1.
AR-1 is considered the world’s first augmented reality motorcycle helmet. It is made of lightweight, aerodynamic polycarbonate and is considered highly weather resistant. Along with anti-fog, anti-scratch, anti-glare E-Tint visor, the helmet has the following features:
- Heads Up Display: Shows critical information in the user’s line of sight, which allows them to keep their eyes on the road ahead.
- Rearview Camera: Gain full situational awareness with its wide-angle rearview camera.
- GPS Navigation: Never miss another turn with an integrated navigation system that gives the user timely information even in low-reception areas.
AR-1 also includes Bluetooth connectivity and a smartphone companion app, for Android and iOS, which allow you to sync the helmet with your phone so you can make and receive calls, along with play music from services like Pandora. All of the features included are through via Skully’s built-in voice recognition software. The helmet has yet to ship, but with the funds, the company says it is hoping to start sending them out to early backers soon.
Although his company continues to find success, CEO and founder of Skully, Marcus Weller told the media outlet he wasn’t ready to discuss future plans for the company. He instead shared that Skully is growing and the funds would also be used to hire more employees.
He stated, “There are a lot of expenses involved in the manufacturing part of it. Funds from this round will help carry Skully through its manufacturing milestones and accelerate our technology roadmap.”
The media outlet also revealed that Nicholas Brathwaite, one of the founding partners at Walden Riverwood Ventures, will be taking a seat on Skully’s board.
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