Moodify Raises $1.6M Funding for Advanced Functional Scents
VALEO SE S/ADR (VLEEY)
NASDAQ:AMEX Investor Relations:
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Source: PR Web
TEL AVIV, Israel (PRWEB) September 10, 2019 Moodify, an Israeli company that is developing advanced scent solutions for improved performance and well-being, today announced $1.6M funding from lead investor Next Gear Ventures, with participation from Toyota AI Ventures. The funding brings the total investment in Moodify to $2.3M."This investment will enable us to execute on our plan to establish the company as a leader in the market, while continuing to develop Moodify scents," said Yigal Sharon, co-founder and CEO of Moodify. "The vote of confidence by Toyota AI Ventures, a leading investor in the mobility space, and Next Gear Ventures, one of the champions of automotive innovation, further indicates that there is a real need for Moodify's groundbreaking technology. Many industries have started to realize the power and significance of smell, and we are very excited to be a pioneer in this novel field."Moodify's scent technology harnesses the power of implicit and explicit smells by e
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