Damon Motorcycles, a Vancouver, BC, Canada-based two-wheel technology company, completed a $2.5m seed financing round.
Backers included Round 13 Capital, Techstars, Extreme Venture Partners and Pallasite Ventures.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Jay Giraud, Founder and Chief Executive Officer, Damon Motorcycles is a two-wheel technology company that employs innovations in sensor fusion, robotics and AI to expand the reach of a rider’s senses in 360º and deliver enhanced situational awareness.
Unlike the traditional driver-assistance systems (ADAS) found on cars, the company’s Advanced Warning System for Motorcycles (AWSM™) understands the ‘cageless’ conditions and unique vehicle dynamics of motorcycles that add to a rider’s vulnerability. Its forward, side and rear detection algorithms inter-communicate to form a complete 360º view of what’s happening around the motorcycle at all times.
Damon’s algorithms are tested over thousands of virtual and real-world miles before a motorcycle can consistently detect and anticipate accidents on all sides of the rider in all environmental and traffic conditions. With cellular connectivity, possible collision scenarios are recorded. The data is then sent automatically to a dedicated cloud platform where an AI engine continually learns and creates new algorithms. Eventually, updates are sent back to the bike’s onboard processor with the rider alerted to the availability of an update.
FinSMEs
04/06/2019