HaiLa Technologies Inc. Raises $5 Million in Seed Financing to Commercialize Low Power IoT Solution
MONTREAL, May 26, 2020 /CNW Telbec/ -HaiLa Technologies Inc., a Canada-based semiconductor start-up that has developed a low power communication technology for IoT, announced today that it has raised $5 million in an oversubscribed seed round led by Chrysalix Ventures. Other investors include Ecofuel Fund, TandemLaunch, a prolific university from California, and several angel investors including HaiLa’s newly appointed CEO and President, Ole Christian Andersen. This financing will enable HaiLa to demonstrate manufacturability, secure first tier customers and partners, and set the stage to completely revolutionize the wireless sensor industry.
