Kamakura, Japan — March 24, 2016 — 16Lab, developer of an ultra-small wearable device OZON™, today announced that it has closed the 2nd round of extended seed funding from an individual investor. The details are confidential.
With this, 16Lab will accelerate its ongoing development as it procures leading engineering minds from around the world.
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16Lab Inc. http://16lab.net
16Lab is a startup which has gathered some of the best engineering minds from around the world in order to develop its ring-type wearable computing device as a next generation computing platform. 16Lab is a fabless company focusing on development resources in its core competence, such as an ultra-low power consumption technology and a super accurate 3D motion analyses. 16Lab has successfully built a development consortium of Engineering Partners with global-top level technology in all areas. Alps Electric, one of the leading manufacturers of electronic components, is a core partner. 16Lab is a recipient of the Japanese government’s subsidy program called the NEDO R&D Venture Support Program that supports highly competitive R&D-oriented innovative startups. Moreover, 16Lab was awarded top prizes at the Japan-UK Tech Awards 2015 and at the CEATEC Innovation Awards 2015 (Home Entertainment).