IRYStec Closes Series-A2 Financing Round
Montreal, Canada – 5 June, 2018 – IRYStec Software Inc., the world leader in perceptual display processing technology, announced today that it has successfully closed Series-A2 financing led by Whitecap Venture Partners. Other investors in this financing include BDC Capital, Skunkworks and prominent Canadian tech angel investors including Jean-Francois Grenon and Purple Angels. This financing will support scaling of sales and engineering to build on IRYStec’s first customer beach heads – smart phone and automotive.
“Every display will eventually be a “perceptual display” and the technology behind these displays will be invented and delivered by IRYStec, ”said Joe Catalfamo, Partner Whitecap Venture Partners. Joe added, “ We are impressed with IRYStec’s leadership team, strong patent position and the early adoption of IRYStec’s perceptual technology in the safety critical automotive market where displays are growing in size and number.”
“IRYStec is better positioned to win with Whitecap in our corner. We are looking forward to the venture experience of the Whitecap team in helping early stage companies scale.” commented Simon Morris, CEO of IRYStec.
About Whitecap Venture Partners
Whitecap Venture Partners is a $100-million Toronto based early-stage venture capital fund investing in high-growth companies across three verticals: Information and communications Technology (ICT), Med Tech and Food Tech. Their team of operators and investment professionals have partnered for over 25 years with entrepreneurs in verticals where they have deep domain expertise and can bring significant operational and strategic value to companies. Additional information is available at www.whitecapvp.com.
About IRYStec Software Inc.
IRYStec Software Inc. is leading the development of perceptual display processing technology for Automotive OEMs. IRYStec Perceptual Display Platform Vision (PDP Vision) is the world’s first software development kit (SDK) that intelligently adapts the displayed content to the ambient light, to the panel technology and it is personalized according to the effective age of the driver’s eyes; ensuring superior in-vehicle visibility and a safer, more heat and power efficient in-car viewing experience. IRYStec PDP Vision is customizable, scalable and it integrates seamlessly into the primary automotive display systems – instrument clusters and infotainment displays. Incorporated in 2016 with offices in Montreal and Ottawa, Canada and sales offices in Europe, Japan and Korea. IRYStec was a winner of the 2016 Silicon Valley Forum’s World Cup Tech Challenge, Fundica 2016 winner, TiEcon Canada 2017 winner, graduate of Creative Destruction Lab 2018, CiX Top 20 for 2018.
IRYStec PDP Video: https://youtu.be/KrPa0nFKVjQ