HypeLabs, a San Francisco, CA and Porto, Portugal-based software-only mesh networking provider, raised $3m in seed funding.
The round was led by innogy Innovation Hub, with participation from EDP Ventures, Deutsche Telekom, AngelPad, Caixa Capital, NovaBase Capital and Mustard Seed.
The company intends to use the funds to strengthen its team and support international growth.
Founded in 2016 and led by Carlos Lei, CEO, HypeLabs enables internet-free communication via mesh networking through its Hype SDK (Software Development Kit). The SDK connects devices to create local mesh networks that work across any operating system and transport channel using existing connectivity technologies such as Bluetooth and Wi-Fi, enabling content to securely hop between devices until it reaches a destination or an internet exit point.
The company is an alumnus of AngelPad #10 (Spring ’16) and Deutsche Telekom WARP ’15.
FinSMEs
10/12/2019