Tuesday, August 19, 2008

Qualtré closes on $5M A round from Matrix

Qualtré, a company working on advanced motion sensors, has closed a $5 million Series A round from Matrix Partners. Mike Slawson, a VentureLab Fellow, built the company based on research from Farrokh Ayazi in the Georgia Tech School of Electrical and Computer Engineering (among others). The company was initially funded through grants and loans from the Georgia Research Alliance as well as a DARPA contract.

Qualtré was in our latest round of VentureLab graduates, and is now a member of ATDC.

You can read more in the Tech Journal South story here.

This makes a nice compare-and-contrast to the Appcelerator saga that has dominated the Atlanta tech blogs lately. There's not a single right answer for everyone, and different companies will take different paths. For now, I'm just happy to cheer on Mike, Farrokh, and the rest of the Qualtré team!

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