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Robert Bosch Venture Capital leads $3.75 million Series A round for Flybits

Toronto start-up to advance context-aware mobile experience platform

Flybits Corporate LogoTORONTO, Canada (August 20, 2014) — Flybits Inc., a Toronto start-up that has created a context-aware experience development platform for mobile environments, has closed a $3.75 million Series A financing. Led by Robert Bosch Venture Capital GmbH (RBVC) and Trellis Capital Corporation with participation from MaRS Investment Accelerator Fund and Ryerson Futures, Inc., the investment will advance the company’s product development and international growth in the United States and Europe.

This announcement was covered in the National Post, TechVibes, Fortune Magazine‘s Term Sheet Blog (Dan Primack), BetaKit, Yonge Street Media and PEHub.

Since spinning off from Ryerson University in 2012, Flybits has raised a total of $4.05 million to date, including a seed round from MaRS Innovation. Flybits technology has been used in developing smarter cities, connected stadiums, smart corporate campuses, shopping malls, conference venues and even fashion shows. The company also concurrently incubated its technology at the Ryerson Digital Media Zone in Toronto and Vodafone Xone in Redwood City, California.

“Flybits is RBVC’s first investment in Canada,” said Luis Llovera, managing director of Robert Bosch LLC based in Palo Alto, California. “The company has demonstrated a unique and innovative approach in building foundational technology to deliver Contextual Mobility Services for both display-driven devices and for the emerging Internet of Things applications. Flybits’ strong roots in tangible and high impact R&D, their ability to predict the required infrastructure for the industrial Internet and their global entrepreneurial ambitions were some of the reasons we were attracted to this company.”

“Involving high-quality investors such as Bosch and Trellis demonstrates the potential in our unique approach to designing Intelligent Mobility Solutions that are intuitive and scalable,” said Dr. Hossein Rahnama, CEO and founder of Flybits. “In particular, having Bosch as a strategic investor means we leverage their global expertise in software automation, connected communities and sensor technologies as we support new and existing international customers, and scale and develop both our team and our products.”

“Recognizing the Flybits’ platform potential to create next-generation mobile experiences at an early stage, MaRS Innovation worked closely with Flybits to launch the company and secure initial market traction,” said Dr. Raphael Hofstein, president and CEO of MaRS Innovation.

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Flybits selected as a Red Herring Top 100 North America Winner

Flybits Corporate LogoTORONTO, Canada (May 20, 2014) — Red Herring has selected Flybits as one of its 2014 Top 100 North America award winners. Flybits was recognized for its leading-edge, context-aware computing solutions.

Red Herring Top 100 America recognizes innovation from outstanding entrepreneurs and promising companies. Its “Top 100 North America” award winners were selected from among approximately 3,000 tech start-ups financed each year in the U.S. and Canada.  Past winners include companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Marin Software, Palo Alto Networks and eBay, and many others that have changed how we live and work.

“In 2014, selecting the top 100 achievers was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “We believe Flybits embodies the vision, drive and innovation that define a successful entrepreneurial venture. Flybits should be proud of its accomplishment, as the competition was very strong.”

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Portfolio Snapshot: Minuum debuts on Google Glass, Crowdmark named most innovative at SIIA

There’s been lots of activity in MI’s portfolio this week (and it’s only Wednesday). Read down for what you need to know about Whirlscape, Crowdmark, OtoSim, and ApneaDx.

Whirlscape logoWhirlscape launches Google Glass demo video

Whirlscape’s Minuum keyboard nabbed a four-star review from CNET’s editors only days before announcing their technology is now available for Google Glass. Watch the UTEST graduate‘s newest demo video.

Reaction coverage: BNN, the Telegraph (U.K.), WPRO (radio), CNET, Mashable, TechCrunch, Mobile Syrup and Android Central, among various other tech blogs.

Crowdmark Logo: Grade BetterCrowdmark named “Most Innovative” at SIIA conference

The Education Division of the Software & Information Industry Association (SIIA) showcased some of the newest and most innovative products in the education technology market, and recognized the best among them as part of the Innovation Incubator program at the 13th annual Education Industry Summit, the leading conference for the K-12 and postsecondary education technology market, held May 12-14 at the Palace Hotel in San Francisco.

From their blog:

Crowdmark was named Most Innovative among more than 50 applicants,

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Whirlscape exits beta, launches version 2.0 of the Minuum keyboard

Whirlscape Inc., a graduate of the University of Toronto Early-Stage Technology (UTEST) program’s cohort graduate, exits beta with the version 2.0 release of Minuum, their hit “small keyboard for big fingers.”

Whirlscape Inc. graduated from the University of Toronto Early-Stage Technology (UTEST) program’s first cohort. UTEST is accepting applications for its third cohort until April 17. Click here to apply. 

Version 2.0’s release is already a popular download for Android Apps in the Google Play store. Users can get a 30-day free trial of Minuum and experience new features, including a widely anticipated addition of a Brazilian Portuguese language module, the company’s most requested language.

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Whirlscape Inc. released version 2.0 of the Minuum keyboard with a host of new features, including the highly-requested addition of a Portuguese (BR) language module.

Will Walmsley, Whirlscape’s CEO, spoke with Daniel Bader of MobileSyrup. Here’s an excerpt from the article:

“We’re constantly testing out new features and improving the disambiguation algorithms,” says Will Walmsley, CEO and co-founder of the company he started at U of T’s Dynamic Graphics Project lab. The company raised $500,000 in seed funding earlier this year, and under the advisement of Y Combinator, began releasing often, trialling new features in what they call Bonus Panels, secondary functions that quickly allow users to change languages, add emojis and more.

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Slyce acquires YorkU computer vision technology for retail e-commerce

Deal led by MaRS Innovation and Innovation York to strengthen Slyce’s mobile image recognition application for retail e-commerce

York's technology will help Slyce in developing a mobile app that can be used to take pictures of a product in-store, enabling a user to purchase the item from the retailer immediately on his or her smartphone.
York’s technology will help Slyce in developing a mobile app that can be used to take pictures of a product in-store, enabling a user to purchase the item from the retailer immediately on his or her smartphone.

TORONTO, Feb. 4, 2014—Slyce today announced that it has acquired a computer vision technology developed at York University that quickly analyzes and aggregates similar images.

Through the acquisition, Slyce also hired former York PhD student, Dr. Ehsan Fazl-Ersi, to lead the integration of the intellectual property into Slyce’s Visual Search Platform as their new head of Research & Development.

Slyce is a premium provider of visual search technology for retailers, brands and publishers. Their platform allows customers to take a picture of real-world products with their smartphone and then find direct or close-matching products from the retailer’s catalogue, which they are able to purchase on the spot.

Slyce’s acquisition of York’s technology was covered in the Financial PostDx3 DigestBetaKitMobile Payments TodayGlobal University VenturingWorld News, Consumer Electronics Net and Retail Customer Experience. You can also read the York University announcement.

“Identifying and classifying an object captured within a scene is difficult due to the effects of background clutter, lighting variations and viewpoint changes on the object’s appearance,” says Fazl-Ersi, who designed and developed the technology with his PhD supervisor, Dr. John K. Tsotsos, a professor in the Lassonde School of Engineering’s Department of Electrical Engineering and Computer Science, and a member and former director of York’s Centre for Vision Research.

“This is a much bigger problem for mobile applications where the algorithm’s speed and efficiency are the difference between losing a consumer or making a sale,” says Fazl-Ersi. “Our technology will provide higher accuracy when quickly identifying retail items so that consumers can choose among similar items according to style, colour or pattern using a mobile device.”

YorkUTheme PNGThe researchers partnered with MaRS Innovation and Innovation York, York’s commercialization office, to file patent protection on the initial technology, develop a commercialization plan, secure grant funding, facilitate business development meetings and negotiate the resulting transaction.

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Whirlscape’s Minuum keyboard profiled on The Discovery Channel

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Whirlscape‘s Minuum keyboard demo on a smartwatch was profiled on The Discovery Channel’s Daily Planet on January 27, 2014.

Whirlscape Inc.’s Minuum keyboard was featured on the January 27, 2014 episode of Discovery Canada’s Daily Planet.

Lucas Cochran, Daily Planet’s technology correspondent, covered the technology that’s perfect for small devices and big fingers, noting that Minuum’s creators are successfully combating the small amount of space available on wearable technology, like smart watches.

Check out the video here. The profile, in Cochran’s Digit@l segment, begins at the 1:10 mark.

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Whirlscape releases Minuum demo on a Smart Watch

Whirlscape continues to build momentum for the Minuum keyboard. On January 21, the UTEST grad launched a demo of their keyboard on a Galaxy Gear Smart Watch.

The remarkably accurate keyboard that encourages sloppy typing for smartphones and wearable technology uses a disambiguation algorithm to make sense of any letter combination, so it’s been proven perfect for big fingers.

Xavier Snelgrove, Minuum’s co-founder and CTO, wrote a detailed explanation on the creation of the keyboard in Input, a blog by Minuum’s creators. From language models to algorithm descriptions, the post offers fans of Minuum an inside look at the science that makes the technology so user-friendly.

The Toronto-based start-up was covered by TechCrunch, TechCrunch JapanMobile Syrup and Android Police within hours of the demo’s release.

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VitalHub joins Box’s new ecosystem of electronic record healthcare applications

VitalHub Corp Logo: Patient information made easyVitalHub is building on its success in redefining how doctors access patient data by partnering with Box, which announced 13 new partnerships with companies, including VitalHub.

Together, their technology will work across web and mobile devices to help healthcare organizations work with, share and collaborate using information.

Invented at Toronto’s Mount Sinai Hospital in the IT Department, VitalHub was created to effectively manage patient data through a platform allowing clinicians to rapidly access comprehensive, relevant patient information gathered from multiple disparate clinical information systems.

The VitalHub Server platform sits on top of whatever clinical enterprise systems the hospital, community physician practice or healthcare organization already has in place.

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Whirlscape’s Minuum keyboard debuts at #2 on Google’s Top New Paid Apps list

Minuum #2 top paid new Android App on Google Play store
Minuum (icon second from left) is  the #2 Top Paid New Android App on the Google Play store. Graphic courtesy of Whirlscape Inc.

The Minuum keyboard, which made its public debut in the Google Play Store on August 21, 2013, has already reached #2 position in Google’s “Top New Paid Android Apps” list. The keyboard is the only non-game currently in that list’s top 10.

In the “Top Paid in Android Apps” general category, Minuum is already #9. The keyboard, made by Whirlscape Inc., has a four-star rating among users.

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