Angel investors who realised huge gains from the $400 million (€336 million) sale of Irish chip maker Decawave last year, have backed Trinity College Dublin spinout Danalto in a new €1 million seed round. Announcing the investment, Decawave co-founder Ciaran Connell, who now chairs the start-up, told The Irish Times he believes Danalto could become far bigger than the company he established with Michael McLaughlin in 2007. While some technologies such as GPS are useful for asset and location tracking services outdoors, they generally don’t work well indoors. There are a number of different use cases for this, with asset tracking among them. ‘Revolutionary’He described the work that Danalto is doing as revolutionary and said it is leagues ahead of anyone else in what it is doing.

Source: The Irish Times March 11, 2021 05:16 UTC