Last week, three of WilmerHale’s clients—Dash Robotics, Rest Devices and Technical Machine—each launched its own crowdfunding campaign.
“This is a very exciting time for each of these companies,” said Mick Bain, co-chair of WilmerHale's Emerging Company Group. “We have been working closely with Dash, Rest Devices and Technical Machine and are eager to see them succeed.”
Dash Robotics is a Berkeley, California-based startup and the creator of Dash—a lightning-fast origami robot that the user can build on his or her own. This is an educational tool for kids that want to get an early start in robotics, engineering, and biology, as well as a platform for makers that want to dig in and explore the possibilities of a new paradigm in robotics. Dash is seeking $64,000.
Boston-based Rest Devices launched its campaign in support of its product, Mimo, a wearable sensor for infants to help parents monitor a baby's health and activity. With this device, parents can track their baby’s respiration, skin temperature, body position, activity level and listen to audio in real-time from their smartphones. The company is seeking $200,000.
Technical Machine, based in Needham, Massachusetts, is raising funds in support of Tessel, an internet-connected microcontroller that is programmable in JavaScript and allows developers to extend the reach of the web to physical objects. Technical Machine is seeking $50,000.
Each company’s campaign is featured by hardware crowdfunding platform, Dragon Innovation, and is set to close in early October. With the proceeds of the campaign, each company plans to bring its product to market and seek further growth.
WilmerHale provides legal representation across a comprehensive range of practice areas that are critical to the success of emerging companies. The firm has helped thousands of entrepreneurs successfully launch their companies; raise billions in angel, venture and strategic financing; and take their companies to sale, IPO and beyond. Read more about WilmerHale’s Emerging Company Practice.