We had a very successful Band of Angels Mentor Day on May 2nd in partnership with Hanson Bridgett LLP. Big thanks to all the Band members that met with 65 startups for one on one mentoring, and Ronald Weissman, Sonja Markova and Ashutosh Gupta for organizing this annual "give-back" event. Look forward to staying in touch with the teams as they continue to make progress, and hopefully see many of them at the Band for funding. Special thanks to Teresa Pahl, Scott Smith, Alison Wright, and Jonathan Storper for meeting with the startups for legal mentoring.
Band Member Ronald Weissman joins Angel Capital Association Board
Congratulations to Band of Angels member Ronald Weissman for joining the Angel Capital Association (ACA) Board this year, in addition to Juliana Garaizar, James Goulka, Lorine Pendleton, Esq., and Rick Timmins. The Band's Chairman Ian Sobieski was a founding member of ACA.
Read the ACA announcement here. Photo credit: Jill LeGrow.
Portfolio News: OtoSense acquired by Analog Devices
We are very pleased to announce the Band of Angels 61st M&A exit: OtoSense (May 2016 Band Dinner), which developed the first platform leveraging a proprietary artificial intelligence and sound processing technology to perform a next-generation machine condition monitoring, has been acquired by Analog Devices, a global leader in the design and manufacturing of analog, mixed signal, and DSP integrated circuits to help solve the toughest engineering challenges.
Congratulations to the Band of Angels members that invested and the OtoSense team!
We enjoyed raising funds from Band of Angels members. The process was clear, the organization perfect, and we learned a lot from our discussions with this open-minded community.
— Sebastien Christian, CEO OtoSense
Portfolio News: VoiceBase Powers AVST’s Cloud-Based Voicemail-to-Text Service for CX-E
VoiceBase, an industry leading provider of AI-powered speech analytics for the cloud today announced a partnership with Applied Voice & Speech Technologies, Inc. (AVST) recently acquired by XMedius, a global leader in the field of enterprise communications solutions, to power its cloud-based voicemail-to-text service for CX-E, its Unified Communications platform. Together, AVST and VoiceBase deliver secure voice messaging for highly regulated industries – from healthcare, education, and government to the largest global enterprises. CX-E is an interoperable UC platform that deploys applications across an evolving voice and data infrastructure – premise to cloud. It’s best-of-breed enterprise UC applications include: voice messaging, unified messaging, mobile client, personal assistant, automated attendant, IVR, call center, fax and notification.
Portfolio News: Palma Ceia Closes Series B Funding, Internet of Things Connectivity to be Accelerated
Palma Ceia SemiDesign (PCS), a fabless semiconductor company offering wireless chips, modules, systems and IP supporting emerging Machine-to-Machine (M2M) WiFi and cellular standards for the Internet of Things (IoT), today announced it has completed a Series B round of financing. Leading the round is Global Connective LP, a U.S. subsidiary fund of Inspiration China Ltd Pty, based in Adelaide, Australia. Inspiration China has extensive experience with China’s wireless and industrial sectors, key markets for Palma Ceia. Inspiration China’s business model is to assist international leading technology companies in accessing global markets, especially China’s booming market.