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Exmovere Holdings motors toward $17.5M round

Thursday, August 5th, 2010

Exmovere Chariot

The Exmovere "Chariot"

MCLEAN, VA – Biomedical engineering firm Exmovere Holdings Inc. has raised $574,000 of a $17.5 million equity offering, according to a regulatory filing. The company develops products for healthcare, security and mobility.

We think the company has some of the more interesting and innovative products we’ve reported on in a while.

Among other products, it is developing a Segway-based upright mobility device that surrounds the user’s thighs, hips and legs in a kind of cocoon, called the Chariot. The user’s hands, arms and chest remain free to do whatever is desired. This  positions the vehicle as a direct competitor to existing sit-down scooters marketed to obese, elderly and limited mobility persons.

The Chariot enables users to maintain an eye level position with people, as opposed to scooters and wheelchairs.

The company says the Chariot is its starting point for further development for people who have a hard time standing or walking and for those people who must stand or walk long distances.

It also has assets related to biosensor wristwatches, biosensor turnstiles, emotion detection algorithms, and  technologies designed to detect heart rate, galvanic skin response, skin temperature, and other responses.

The company’s wireless biosensor wristwatches also have applications in the security sector. They can be used for the following:

  • Pilot fatigue and health monitoring
  • Instant headcount of embassy personnel
  • Soldier vital sign monitoring
  • Biometric identification

The Exmogate turnstile is a wirelessly controlled secured portal. The product incorporates embedded GSR, skin temperature, pressure and auto-diagnostic sensors, as well as a video camera. Next generation Exmogates will include embedded biopathogen sensors, a Geiger counter and eventually, radar and sonar. – Allan Maurer

To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.

Intelliworks chalks up $1.7M for higher ed software

Friday, July 16th, 2010

IntelliworksBETHESDA, MD – Intelliworks Inc., which sells relationship management software for higher education, has raised $1.7 million in yet another funding of an education-tech company, according to a regulatory filing. The Series E investment brings total venture backing for Intelliworks to $22.3 million.

Directors and investors cited as principals in the filing with the U.S. Securities and Exchange Commission include Mark Frantz, Chevy Chase, MD-based Red Shift Ventures; Arun Gupta, Alexandria, VA-based Columbia Capital; and Roger Novak, Bethesda-based Novak Biddle Venture Partners.

We reported Intelliworks $2.25 million D round in April 2009.  Columbia Capital and Novak Biddle supplied the equity while Toronto-based MMV Financial contributed a $1.5 million venture loan.

It raised a $4 million C round in April 2008.

We have noticed an increasing number of venture financing deals for companies in the education technology field.  Are slashed federal, state and local budgets leading to the educational establishment recognizing a need for the efficiencies that technology brings? Most firms selling to the education market are using SaaS models, as Intelliworks does, so installing their software generally does not require large capital outlays.

Intelliworks enables enrollment, admissions and marketing professionals to make purposeful connections with students through its web-based CRM, program admissions and marketing automation solutions built specifically for higher education.
Hundreds of organizations, ranging from large colleges and universities to programs and departments within individual institutions, use Intelliworks’ software-as-a-Service platform to recruit students, market their programs, grow enrollment and drive tuition-based revenue.

Diane Raymond, Director of Admissions at New England College, which has seen an 8 percent increase in enrollment using Intelliworks, said in a statement at the time of the company’s C round said that “The Intelliworks solution allowed us to improve the efficiency of our admissions department by automating tasks such as outbound marketing, event registration and contact management.” –By Allan Maurer

Contact Tech Journal South Editor and writer Allan Maurer: Allan at TechJournalSouth dot com.