Tuesday, November 29, 2022
spot_img
No menu items!

Latest Posts

Accessibility Overlay Startup AccessiBe Closes $28 Million Series A Round.

AccessiBe is a business that gives people the resources they require to travel the world. The business was started in 2011 by three disabled business owners. The company was established to provide people with the help they need to travel the world. The first startup to offer an accessible smartphone app that facilitates travel is accessible. More than 50 languages are supported by the app, which is free to use. The program enables travelers with disabilities to navigate the globe using a map and GPS. Additionally, the app provides access to many features like translations, transit, and tourism

What makes AccessiBe unique?

Accessible, a startup in the accessibility space, has completed a $28 million Series A fundraising round to support business growth. According to accessible CEO and co-founder Dekel Skoop, Gal Vizel, and Shir Ekerling, accessibility is a problem that affects every single person and is becoming more challenging to resolve.

What is AccessiBe, an accessibility startup?

A device that aids persons with disabilities in navigating public areas like a building or a restaurant is being developed by the startup AccessiBe. It is an assistive device that may be used to guide the building and is connected to a smartphone. It uses several sensors to identify obstructions, finds individuals, and locate the user. The gadget can give the user auditory and visual clues to help direct them around the room. 

The company raised $28M in what way?

Accessible, a business in the accessibility space, has folded after raising $28M. The mission of the company accessible was to enable internet access for those with visual impairments. To create what they dubbed the “world’s first smart glasses” for the blind, AccessiBe sought $28 million in investment. 

Smart glasses from AccessiBe were advertised as able to recognize faces, objects, and text on the internet. People with low vision, hard of hearing, and deaf were intended users of the device. A team of engineers with experience at Google, NASA, and Tesla established AccessiBe.

Why is AccessiBe, a startup in the accessibility space, seeking funding?

Accessible, the company’s product, was created to facilitate global travel for those with impairments. The gadget is a small, wearable computer with several features, including a touchscreen, a tactile keyboard, a camera, a speaker, and a microphone. The business is also creating a software platform that would let users use the device with any device. Although it was made with persons with disabilities in mind, the gadget can also be used by those who are blind, deaf, or have cognitive impairments. The device retails for $3,000 and is available only in the United States and Canada.

What will the money be used for?

Accessible intends to use the money to create a brand-new platform that will let consumers access products, services, and content without restriction. The company wants to use the funding to upgrade its current platform and to spend money on R&d investment.

What are the aims of the company?

Technology Crossover Ventures (TCV) led a $28 million Series A fundraising round for accessibility solutions business accessible, bringing the company’s total funding to $35 million. The mission of AccessiBe is to promote more independence among those with impairments and limited mobility. The business has created accessibility products for automobiles, houses, and cell phones. The accessible Mobile, the first item produced by the company, enables voice control of smartphones. The $28 million Series A fundraising for AccessiBe is a sign that the business is off to a successful start. The mission of AccessiBe is to promote more independence among those with impairments and limited mobility.

The business’s financial issues –

The absence of new investments was to blame for the company’s financial issues. The company’s biggest shareholder, who owned most of the shares, could not contribute the money required to keep it operating. Accessible could not locate a fresh investor who could supply the necessary capital. The business had no choice except to close. The company’s biggest shareholder, who owned most of the shares, could not contribute the money required to keep it operating. The business had no choice except to close.


Latest Posts

spot_imgspot_img

Don't Miss