Variable, Inc., a Chattanooga-based technology startup and developer of the NODE modular wireless sensor platform, raised $1.25m in Series A funding.
Backers included Atlanta Technology Angels, Chattanooga Renaissance Fund, Pangea’s Edge, the Westcott Family, and investors in California, New York and Texas.
The company intends to use the funds, which followed two successful Kickstarter campaigns that raised more than $120k collectively, to accelerate the launch of its first app developer conference, and continue R&D into sensors to expand the platform.
Led by founder and CEO George Yu, Ph.D, Variable develops wireless sensing technology that is compatible with smartphone operating systems. On nodesensors.com, early adopters can buy a device called NODE, which works with smart devices to allow users to explore their world including lighting up the night, monitoring weather, matching paint color, tracking motion.
The company is now building a scalable sensor platform for global commercial use and an open API, which encourages developers to create innovative software applications for the platform.
FinSMEs
03/06/2013