Not long after the closure of one of the most successful campaigns in the history of Indiegogo and landing another $ 1.5 million in seed capital, SKULLY, motorcycle helmet with a heads-up display, has raised $ 11 million in funding Serie A.
Riverwood Walden Ventures and Intel Capital led the round, with participation Training 8 TechStars and Western Technology Investment.
Part of the money will go to finance the production of the first intelligent helmet SKULLY, the AR-1. The element Indiegogo campaign has yet to send and the company says it hopes to start sending supporters principles soon.
SKULLY is also in the midst of hiring a group of engineer’s hardware and software to help with the manufacturing process. It is likely that the new workforce for future product development beyond the first quarter is also used. However, a source close to the company told TechCrunch that SKULLY has a history of high turnover, and has let go of several employees in the last half year.
A company spokesman said he believed SKULLY had a volume of less than average for a SF startup businesses.
Founder and CEO SKULLY Marcus Weller was not ready to discuss future plans of the company. Instead, he stressed that SKULLY is growing and that new funds would be used to hire more people and send the first product.
"There are a lot of costs involved in the process of manufacturing the same. The proceeds of this round SKULLY help carry through its manufacturing milestones and accelerate our technology roadmap," Weller said.
Nicholas Brathwaite, one of the founders of Riverwood Walden Ventures, will have a seat on the board of SKULLY. Bringing in Braithwaite is strategic for the launch smart helmet. He was the lead investor in GoPro and is a former chief technology electronics manufacturer Flextronics. As such, it could take a broader and experience grows Skully network.
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