Iterate Labs, a startup with Cornell beginnings that uses wearable sensors and computer vision to drive factory production and worker safety, has obtained $1 million in seed funding to support the company’s growth.
In 2016, Jason Guss(Ph.D. ’18, co-founder and CEO) and Apoorva Kiran (Ph.D. ’18, co-founder and CTO) enrolled in the Prototyping Hardware Accelerator led by Rev: Ithaca Startup Works – a community business incubator created by Cornell, Ithaca College and Tompkins Cortland Community College – in partnership with Cornell Engineering. Hardware teams are led through a process to determine if their ideas are commercially desirable, technologically viable and economically feasible. Iterate Labs remains a Rev member company today.
“Rev has given us amazing access to a network of mentors, team members, investors, and beyond. It also helped educate us on the earliest stages of being a company and how to avoid mistakes others have already made,” Guss said.
Kiran said he was inspired and informed by program alumni whose businesses also got their start in eLab. An eLab grant enabled the development of Iterate Labs’ first product. After eLab, the company was able to develop the first beta version of its product with a Cornell Center for Materials Research grant.
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