Horus Technology, an Italian startup company that combines technologies taken from robotics, health tech and augmented reality to enhance the lives of the blind and visually impaired, has received a 900k dollars investment from 5Lion Holdings, a US diversified holding company focused on investments in new ideas and innovation (download here the press release).
The startup will invest over 80% of the money raised in R&D with the goal of bringing Horus, its main product, to the market by Q3 2016. Horus is a wearable device that exploits state of the art sensors and algorithms in the field of robotics and artificial intelligence to translate visual information into audible signals that the user can hear through bone conduction speakers. The device is currently patent pending.
“We are confident that through this investment we will have the necessary support for our entrance into the U.S. market,” declared Horus Technology’s ceo Saverio Murgia. “This investment will enable us to be ready to enter the market by the end of 2016 and support our growth,” added the cto, Luca Nardelli.
Gianni, Origoni, Grippo, Cappelli Partners and Walder Wyss acted as legal advisors to 5Lion and Andrea Giannone was 5Lion’s sole independent financial advisor. Horus Technology has been advised by Centrally on legal matters and by Widening spa for strategic matters.