Belagavi based Sensegiz riases $500,000 from KARSEMVEN
Sensegiz, one of the earliest makers of smartwatches in India, has raised $500,000 from Karnataka Semiconductor Venture Capital Fund(KARSEMVEN).
Sensegiz plans to 1 lakh units by next year, all of which will come from manufacturing facilities in Mysuru.
SenseGiz, has been founded by Abhishek Latthe from Belagavi. Abhishek founded SenseGiz along with Apurva Shetty his college time buddy.
Abhishek is a MSc., Mechatronics from University of Southampton. He completed his Bachelor of Engineering (B.E), Electronics & Communication from KLS’s Gogte Institute of Technology and his schooling from M.V. Herwadkar High School Belgaum.
SenseGiz makes wearable tech and other consumer electronic products which customers can use in their daily lives.
The watch and device tracker, both of which are sold across the US and Japan, pairs up to one’s smartphone via Bluetooth Low Energy protocol. The company said its USP is in the various formats in which the kith and kin of smartwatch users are alerted in case of a mishap. If the user falls down or has an accident, a push notification is triggered to concerned people. In addition, an audio of what has transpired is recorded for a minute or two and emailed as well.
In may 2014, SenseGiz has raised about $12,000 (Rs 7 lakh) for its tracker device within 72 hours of featuring themselves on the Kickstarter platform.