Saturday Dec 14, 2024
Saturday Dec 14, 2024
Friday, 14 October 2016 00:01 - - {{hitsCtrl.values.hits}}
Cyaniq, the content-specialised communication consultancy partnered Kasper Holdings, the IoT-driven automation start-up to conclude a successful seed funding round for the latter.
Kasper reached out to raise funding for its bleeding-edge IoT home automation platform expected to be in prototyping early next year. The start-up has succeeded in raising the necessary funds from an investor group of eminent local businessmen who are now engaged with mentoring and overlooking the market-readiness of the project.
Cyaniq partnered the project at an early conceptual stage of the project and has been fully involved in the development of the marketing plan and business model. The successful funding round was preceded by a period of nearly eight months, during which time the idea was fine-tuned and modelled to reach its present level of market feasibility.
“We’ve been fortunate enough to find ourselves involved with a number of highly exciting start-ups in the last year, and Kasper is a great example of the kind of work we’ve been doing. We are committed to helping businesses and brands reach their fullest potential by way of communicating simply and effectively, regardless of their objectives. We are really happy about the way things turned out. Raising funds in Sri Lanka is still a difficult task, especially for a business idea that is in concept stage. We hope to see more good things in the future as investor confidence increases and their risk appetite follows suit,” commented Cyaniq Founder Dilshan Senaratne.
The product in development is expected to revolutionise the automation space with a host of unprecedented features being introduced to challenge established automation norms. Kasper employs an industry-tested team of innovators, well-versed with the most current technologies, all of which has been utilised in the development of the new product.
The product combines cloud processing, IoT, pattern recognition, active learning and analytical system architecture to introduce new dimensions in automation, including advanced consumption monitoring, device management and active behavioural learning. The product is pending two patents and will adopt a top-down market entry, prioritising luxury homes and condos upon entry to the market.
“Our vision for this product has remained convincing and relevant throughout the process of crafting the most feasible business model for it. We are convinced of the potential this product has for performing in the highly competitive automation industry, not only in Sri Lanka, but regionally as well. The technology is cutting-edge and we are confident in our ability to deliver on the expectations we have for the product,” expressed Kasper Holdings Director Kasun Dissanayake.
With the meteoric rise of the IT and innovation industries in the local business landscape, Kasper is occupying a promising position for growth. The initial prototype of the Kasper automation product is scheduled to be tested early in the next year and the product is expected to go to market later in the same year.
