Dec. 12, 2022
/PRNewswire/ — After a first round of
and a 2d of
from Xerys Majuscule, the Paris Region Venture Fund, managed by CapDecisif Management, NovX (the Noveo Group’s investment vehicle) and diverse business angels, Sevenhugs has raised an additional
from Xerys Capital letter in order to further develop and distribute their smart home solutions both in the U.S. and globally.
In 2022, Sevenhugs successfully launched the world’southward first remote control with a precise indoor positioning system. Using Ultra-Wide Band (UWB) technology, Sevenhugs’ spatial awareness applied science offers contextual and intuitive control of devices and services within the digital abode (TV, music, smart habitation devices and streaming services).
With Smart Remote, Sevenhugs offered a unique solution to a two-fold challenge:
- Simplifying the interaction between the user and the digital habitation to make it more intuitive. Thanks to Sevenhugs’ contextual “signal & control” technology, Smart Remote’south touchscreen automatically adapts to any device it’s existence pointed at: Simply point Smart Remote at the device y’all wish to control and the right display will automatically appear.
- Unifying the experience of amusement and smart dwelling devices within a unmarried platform. Smart Remote has the ability to command more than 650,000 products.
Smart Remote was successfully launched in 2022 online at Bestbuy.com and on the company’s own website. Following successful sales, Sevenhugs entered into an exclusive distribution agreement with Best Buy in 2022,regarding Smart Remote U, which is now retailed in all 1,000 Best Buy stores, covering the entire U.S. territory.
Smart Remote has received more than 20 prestigious international awards, among those theRed Dot Blueprint Accoladeand the iF Pattern Honor. Smart Remote is too on brandish and sold at the prestigiousMuseum of Modern Art (MOMA) in
New York City.
Furthermore, Sevenhugs is strengthening its executive team in research and evolution in the areas of artificial intelligence and deject platforms with the recent appointment of Julien Colafrancesco as the company’south Chief Applied science Officeholder (CTO) and the hiring of Baptiste Daroussin for the position of VP Engineering:
- Since 2015,Julien Colafrancesco has been in charge of all developments linked with artificial intelligence and indoor positioning engineering science via Ultra-Broad Band (UWB), currently being used in the heart of Smart Remote. He has as well contributed to the filing of Sevenhugs’ 26 patents. Before joining Sevenhugs, Julien occupied the role of Chief Scientific Officeholder at Weezic (acquired in 2014 by SmartMusic);
- Baptiste Daroussin, has more than 15 years of experience in the development and deployment of big-scale cloud infrastructures and brings his strategic skills to Sevenhugs. Before joining Sevenhugs, Baptiste was Head of Operations at Veepee (Vente Privée) and CTO at Gandi.
To reinforce their ambitious roadmap, Sevenhugs has grown its team to 35 engineers, five of whom specialize in artificial intelligence and are developing the innovations of tomorrow.
“Smart Home is in the procedure of condign a mass market. There are already half a billion smart devices in U.South. households and more than than fifty% of American homes already have a smart home product,” affirmsSimon Tchedikian, Founder and CEO of Sevenhugs, adding, “nosotros are now getting requests from large groups and brands from beyond the world regarding our innovative solutions. We are extremely positive in regards to commercial prospects for 2020.”
Michael Schulhof, the one-time Sony President for the US and Sevenhugs’s Board member representing Xerys states:“Sevenhugs has succeeded, thanks to the design of an innovative technological production, and for taking up a first-rank position in the smart home space. Our objective is to advance its development with regard to the market’south tremendous growth potential.“
Dominique Lempereur-Babeanu, Sevenhugs’s Board member representing Xerys proclaims: “I am happy to reiterate the trust and support from Xerys Capital, which has helped the company’s development since the bound of 2016. The contract offered by All-time Purchase in the U.Southward. is a unique opportunity for Sevenhugs and terrific recognition of the creativity and the spirit of the company.”
Sevenhugs will exist attending the
Consumer Electronics Testify
this Jan (2020) to share its latest innovations with strategic partners and distributors. If you wish to gain more information on Sevenhugs’s solutions or make contact with the sales and business organization development teams, delight contact:firstname.lastname@example.org
For printing relations:email@example.com
Sevenhugs specializes in the design of technological and innovative solutions that simplify the increasingly circuitous and fragmented digital home. Sevenhugs’ vision is to advance the mode we interact with engineering science in social club to fuel adoption and appointment. Information technology was founded in 2014 by four consumer electronic experts with more than twenty years of experience in semiconductors and mobile telecommunications.
Sevenhugs launched Smart Remote into the U.Southward. marketplace in 2022 and has been awarded more than than 20 prestigious awards. Smart Remote is the first consumer electronics product in the world to integrate an ultra-precise indoor positioning technology. Sevenhugs’ technologies are protected by more than than 26 international patents, three of which have already been delivered.
Sevenhugs has grown to become an international company of 45 employees, whose enquiry, evolution and bogus intelligence center is located in
Paris, France, its Sales and Marketing sectionalization in
and product line in
Sevenhugs was honored to receive an award at theInnovation Contest in
February 2022, in the Deep Tech Digital category, sponsored by the French National Investment Bank,BPI
(www.bpifrance.fr). Sevenhugs was also awarded at theDigital Innovation Contest in 2017 and became the most acclaimed company at CES 2017 in
Las Vegas, NV.
They lifted more than 11 awards, among those the highly prestigiousBEST OF INNOVATION – CES DESIGN AWARDin the “Smart Dwelling” category. The company also received theSeal of Excellencein 2017 from the European Commission in recognition of the visitor’s extremely high innovation potential.
Simon Tchedikian, Founder and CEO
Stéphane Jaubertou, Founder and COO
To find out more:
world wide web.sevenhugs.com
– firstname.lastname@example.org – @sevenhugs_inc
Xerys Management is a portfolio management company specializing in individual equity with an approach that makes the entrepreneur’s vision fundamental to its investment philosophy. It aims to support the managers of Xerys Capital portfolio companies at all stages of their growth, from venture capital letter to maturity. Xerys Capital invests between 10 and 60 million Euro in innovative companies in the health intendance, sustainable evolution and connected technologies sectors.
Olivier Ossipoff, President
To find out more: www.xerys.com
20221211 – Press Announcement Sevenhugs – Xerys – vd-EN.pdf
20221211 – Communiqué Sevenhugs – Xerys – vd-FR.pdf
Photo – https://world wide web.iqiglobal.com/web log/wp-content/uploads/2022/12/leader-in-innovative-smart-domicile-solutions-sevenhugs-has-raised-an-additional-nine-million-from-xerys-uppercase.jpg
Source: Sevenhugs, Inc.