PIQ closes $ 5.5 million financing round

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22.05.2015

PIQ, a startup developing a platform dedicated to sports and sensors for improved performance, announced the closing of Series A round with the Taiwanese giant Foxconn (FIH Mobile Ltd), Ginko Ventures, Robolution Capital I and Swisscom.

Founded by Cédric Mangaud and Ongan Mordeniz, entrepreneurs in new technologies and former managers of HTC, PIQ offers a platform and sensors dedicated to sports brands. Cedric Mangaud, CEO: "We are at the dawn of a new era where technology and sports merge. All athletes, amateur and professional, can track their progress with these connected sensors and compete with challengers!" The funds will enable PIQ to market its products in partnership with three international sports brands this summer, respectively, in fall and winter of 2015.

A result of two years of R & D, these dedicated sports sensors were developed by Octonion, the Swiss parent company of PIQ. The PIQ sensors precisely record the performance and measure up to 11 million data during a sports session of one hour. Unlike different activity trackers that provide biometric data related to the health or well-being, PIQ sensor reveals the relevant metrics for sports performance.

A video about PIQ can be found in our video section.

About PIQ
PIQ is a subsidiary of Octonion, a company based at EPFL Innovation Park specializing in software and services related to sensors. The team consists of seasoned executives, engineers, and designers. The team based in Switzerland, Eastern Europe and Paris, has years of experience in technology, design and go-to-market, acquired from leading companies like HTC telecommunications. PIQ is manufactured by Foxconn International Holdings, the largest electronics contractor in the world.

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