The Russian venture fund and incubator Impulse VC has announced an investment of “up to $300,000” in Moscow-based Contactless (in Russian: Beskontaknye Ustroistva), a startup that is developing a home and industrial automation platform called the Wiren Board.
“The final investment amount will depend on company performance,” Valeria Zhigacheva of the fund’s press service told East-West Digital News. The startup’s valuation has not been disclosed.
The Wiren Board is a compact embedded computer with a set of wireless peripherals. It can be used as a smart home controller. It can also be used in industry thanks to the fact that it supports industrial working conditions.
The Contactless company is also developing wireless sensors and household controllers for the Internet of Things sector.
“The Wiren Board is a great example of how a small team can create an innovative product with a strong technical component on the hardware market. Their solutions in the field of single-board computers are already in demand in the corporate sector,” Impulse VC managing partner Kirill Belov told the Russian high-tech portal CNews.ru.
