Member Article

LSG Venture leads investment in Mogees to extend its machine learning technology for broader human computer interaction applications

Hackney, London UK – 23 May 2017 – Mogees, Multi-award-winning machine learning and gestural recognition innovator, today announced that it has received an investment of £1 million. The group of investors includes several illustrious figures including Elio Leoni Sceti, board director of ABInbev, former CEO of Iglo group and previously CEO of EMI; Haim Perry founder and board member of Hotels4U and Eric Nicoli CBE former Non-Executive Chairman of HMV Group plc, The Tussauds Group Ltd and Vue Entertainment Ltd as well as CE of United Biscuits and CEO of EMI. A.I. Music Group founded by Siavash Mahdavi is also in the group. The Mogees investment follows the recent launch of the multi-award-winning domestic products Mogees Play and Pro devices.

Bruno Zamborlin, CEO and Founder, said: “We’re delighted that such an experienced group of private investors and businesses are supporting our growth by taking part in this round of investment, all of whom have hugely successful backgrounds in business and a wealth of knowledge. I’m proud of what we have achieved so far, and the possibilities for this technology to revolutionise certain sectors that are the driving force behind this expansion.” Elio Leoni Sceti, lead investor said: “Machine learning is a hot topic right now and Mogees has moved beyond the proof of concept stage and we’re delighted to be funding the next step of this exciting business. We see incredible potential for Mogees technology across a range of applications and businesses from entertainment to industrial; it has an exceptionally exciting future ahead.” Siavash Mahdavi, Investor and founder of A.I. Music Group added:

“We are extremely happy to be part of Mogees. Bruno and the team are leading such innovative and creative projects not only within the interactive music space but also other verticals. Their ethos embodies collaboration from a technological and business point of view; we are excited to be part of this space moving forward.” Mogees is at the cutting edge of human gestural recognition and real-time vibration signal analysis. The investment is going towards further algorithmic R&D as well as developing wireless sensing technology.

This was posted in Bdaily's Members' News section by Maggie Eckel .