KinoTek Inc., a Portland-based developer of a digital health platform that uses computer-vision technology for body-motion assessment, said Tuesday that it has raised $600,000 in a pre-seed funding round that was oversubscribed.
The company was founded in 2018 by University of Maine students Justin Hafner and David Holomakoff, who won the Greenlight Maine Collegiate Challenge in 2019.
In Tuesday s announcement, KinoTek said it will use funding raised in its first round to launch its first product, called Move.ly, to the public later this year.
Investors include IeAD Sports and Health Tech Partners, Tavistock Group, Maine Technology Institute and independent angel investors.
“Every dollar of this round is what we consider ‘smart money, said Hafner. Each investor adds immense value to our company an allows us to build a strong foundation for future growth.” He also referred to the closing of the first funding round as a testament to the team s hard work throughout the p
Recent advances in entrepreneurship and training in the fields of science, technology, engineering and mathematics, or STEM, are bringing new career opportunities to Maine.
But some people worry that a persistent gap in the workforce prevents the state s burgeoning STEM industries from finding the talent they need.
That was the subject taken on by a panel of STEM experts in a webinar this week, “The Future of STEM Jobs and Innovation in Maine.” It was hosted by the Maine State Chamber of Commerce and the Science is US, a nonprofit that brings together leaders in science, engineering, industry, higher education and labor.
VETRO FiberMap is a Portland startup whose cloud-based fiber management software platform is used by telecommunication companies to plan, map and manage their fiber optic networks.
The platform enables people who need fiber network information from engineers to sales and marketing personnel to access data remotely, using a web browser.
Will Mitchell and Sean Myers launched the company in 2016 to meet the needs of an increasing number of small and mid-size internet service providers, municipalities, electric cooperatives and other broadband providers.
Today, the company, a C corporation, serves hundreds of customers around the world. In 2020, as the need for internet access skyrocketed, VETRO raised $2.5 million and is now expanding its technical team.
Colby College announces Davis Institute for Artificial Intelligence
Colby officials believe this is the first and only institute of its kind at a small U.S. liberal arts school.
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Colby College President David Greene, outside the Center in downtown Waterville. The college announced plans for a new institute focusing on artificial intelligence.
Morning Sentinel file
WATERVILLE The new Colby College Davis Institute for Artificial Intelligence will be the first of its kind, school officials say.
Announced by the college at a virtual event Wednesday evening, the institute is believed by administration to be the first and only of its nature at a small U.S. liberal arts school.
Proposal for Portland’s tallest building clears a hurdle
A zoning amendment to allow an 18-story apartment building downtown was endorsed by the Planning Board, but still needs City Council approval.
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This digital rendering shows the proposed 18-story apartment building, right of center. It would be taller than any building in Portland, including the 13-story One Center Center, at left of center in this image. Courtesy of Redfern Properties/Ryan Senatore Architecture
A proposal to build what could become Portland’s tallest building cleared a hurdle this week and is headed to the City Council.
The Planning Board voted unanimously Tuesday to recommend zoning amendments that would allow Redfern Properties to build an 18-story apartment building in the heart of the downtown. The proposed 190-foot-tall high-rise at 200 Federal St. would have 265 apartments, an infusion of housing in a tight real estate market that the developer says is not about to cool off.