TuringSense, a Silicon Valley pioneer of wearable sports technology, announced this week that it secured $3 million during its latest seed funding round. Participating in the round were Angel Plus, ChinaRock Capital, Ideosource, SV Tech Ventures, Zen Water Capital, along with several serial entrepreneurs and angel investors.
Limin He, co-founder and CEO of TuringSense, stated:
“Being able to attract such prestigious investors is recognition of the large market potential of our cutting-edge wearable technology with its innovative multi-sensor, high-speed full-body motion analysis. This funding gives us the financial strength to advance our goals of revolutionizing the way sports are played, practiced, and coached by transforming training methods that enable athletes to optimize technique and prevent injuries.”
Funds from the round will go towards expanding the company’s R&D, marketing and sales in support of the launch of its first product, PIVOT, a wearable for tennis. The funds will also enable TuringSense to further development of solutions for a wide range of other potential markets such as other sport, physical therapy, insurance compliance, rehabilitation, posture correction and virtual reality/augmented reality and gaming.
Xitai Sheng, general partner at Angel Plus, explained:
“With the current strong growth in the wearables market around the world, we believe the potential for TuringSense’s pioneering technology is unlimited. In addition to tennis, which is hugely popular and growing in China, their technology opens up a whole new world of potential target markets not possible with current wearable products — such as golf, healthcare and gaming. And through our smart device incubator, A+Labs, we’ll offer a full package of production service to TuringSense.”
Jun Li, general partner at China Rock and SV Tech, then noted:
“In our due diligence for this round of funding, TuringSense is a perfect investment for us. We found in TuringSense a team of world-class engineers and top athletes bringing stunning wearable technology to market. We saw the team’s strong passion and background in technology and sports, and believed that tennis was a great beachhead, go-to-market strategy.”
Andi Boediman, managing partner of Ideosource, added:
“We see TuringSense’s innovative solution having great potential in the Internet of Things (IoT), remote coaching, healthcare, and industrial services. Especially here in Asia where the sport and health markets are large and growing. Also, TuringSense’s great initial entrance with its tennis application illuminates the company’s overall vision of expanding to other sports and VR/AR gaming. TuringSense has the capability to tap into the Asian game development community, which has been a substantial driver in supporting gaming companies around the world.”
In addition, TuringSense announced that it will be launching Indiegogo for the PIVOT next month.
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