Welcome!

News Feed Item

Lemnos Labs Inducts New Companies, Secures $1.85 Million in Round of Funding & Adds an Entrepreneur in Residence

Hardware Incubator Doubles Company Roster and Announces Funding to Fuel the Growing Space in Silicon Valley

SAN FRANCISCO, CA -- (Marketwire) -- 11/16/12 --


Core News Facts:

  • Lemnos Labs, a full-service hardware incubator, today announced five new companies along with funding and an entrepreneur in residence (EIR) to support its overall growth in the Silicon Valley hardware industry.
  • MIT graduates Jeremy Conrad and Helen Zelman founded the incubator in 2011 to provide early-stage startups with a built-in network and access to the tools and resources necessary for success.
  • Bia, NanoSatisfi, Revolve Robotics and Unmanned Innovation have turned to Lemnos Labs for support in developing and bringing their products to market.
    • Bia: The first iconic sports brand built around data and women, Bia is the only online and on-body fitness platform with real-time connectivity.
    • NanoSatisfi: A space data company, NanoSatisfi provides affordable and convenient access to space through nanosatellite infrastructure and user definable data collection capabilities.
    • Revolve Robotics: Creating a tablet-based robotic platform that enhances video calling with remote controlled movement, Revolve Robotics enables consumer grade telepresence.
    • Unmanned Innovation: Poised to transform the Unmanned Aerial Vehicle (UAV) industry, Unmanned Innovation leverages technologies developed for military applications and packages them as a development platform.
  • Lemnos Labs' $1.85 million in funding will allow existing and future startups within its program to successfully execute upon their roadmaps and expand resources offered within the incubator.
  • Investors include Alex Lloyd of Accelerator Ventures, Alex Vikati, Ash Patel, Matt Mullenweg's Audrey Capital, Daniel Abrams, Don Hutchison, Edwin Ong, Jack Herrick (founder/CEO of wikiHow.com), Naval Ravikant, Othman Laraki, Paul Sethi and Seraph Group.
  • The company has also enlisted Eric Klein, managing partner at Klein Venture Partners, as its EIR. With hardware and software experience at Nokia, Apple and Palm, Inc., Eric will support the Lemnos Labs core team and serve as an advisor to its supported companies.

Quotes:

Jeremy Conrad, co-founder, Lemnos Labs
"We're excited about the traction hardware is gaining in Silicon Valley and thrilled to play a part in the evolution of the space. With our new lineup of companies, a solid round of funding, as well as valuable guidance from Eric Klein, we're looking forward to accelerating the growth and shaping the direction of the hardware community."

About Lemnos Labs:
Lemnos Labs, a hardware incubator based in San Francisco, provides seed-funding, mentorship and resources to talented engineers with innovative ideas and a passion for building things. The company equips hardware startups with the space, tools and network they need to build high-value products that attract angel investors and venture capitalists to ultimately establish a sustainable business and bring the product to market. The company aims to lead this charge by kick-starting technologies that solve real-world problems. A list of our companies, mentors and more information can be found at www.lemnoslabs.com.

Contact:
Brittany Votto
Inner Circle Labs for Lemnos Labs
Email Contact
(415) 684-9406

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, will discuss recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model f...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.
Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of companies worldwide-from publishers and broadcasters, to enterprises, marketing agencies and household-name brands. Building on its established design leadership, Adobe enables customers not o...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue an...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...
Leading cloud-centric IT organizations are establishing core capabilities to improve productivity, control costs and provide a highly responsive end-user experience. Key steps along this journey include creating an end-user cloud services catalog, automating workflows and provisioning, and implementing IT showback and chargeback. In his session at 19th Cloud Expo, Mark Jamensky, executive vice president of Products at Embotics, will walk attendees through an in-depth case study of enterprise I...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.