Telepathy Inc., a Sunnyvale, CA-based developer of a wearable, real-time, hands-free communication device, closed a $5m Series A funding.
The round was led by Firsthand Technology Value Fund, Inc.
The company intends to use the funds to further accelerate its product development efforts and hire UI/UX/HFE engineers, application software developers, server software developers, embedded system developers, and communication firmware developers (read here).
Originally established in January 2013 in Japan and and now headquartered in Sunnyvale, California, Telepathy develops and supplies social communication devices that aim to promote the development of bonds between people “as if they had telepathic connections“. The company plans to deliver its software development kit (SDK) to application developers this fall.
Led by Takahito Iguchi, CEO, Telepathy also added Peter Hoddie, VP of the Kinoma Software Platform at Marvell Semiconductor, to its advisory board.