MICROTUBE TECHNOLOGIES COMPLETES ITS SEED FUNDING OF SG$1.1M LED BY ORIZA GREENWILLOW TECHNOLOGY FUND
SINGAPORE, 22 MARCH 2022
Completion of Seed Funding of SG$1.1M by Oriza Greenwillow Technology Fund
Microtube Technologies, a wearable sensing technology spinoff from the National University of Singapore (NUS) has announced the completion of its Seed funding round of SG$1.1m led by Oriza Greenwillow Technology Fund. Cofounded by NUS inventors Prof Lim Chwee Teck, Dr Yeo Joo Chuan, and Dr Yu Longteng, Microtube Technologies develops patented soft, stretchable sensing technologies incorporated into wearable controllers for gaming, fitness, healthcare, training and metaverse interactions. Its solution allows objective data capture using these imperceptible sensors, building a seamless integration between wearables and the VR/metaverse worlds.
With the Series Seed funding received, the company looks to expand their management team, build additional strategic partnerships, and develop more sensing products. “Beyond sensing, the company has its eyes on building haptic wearables for the metaverse, allowing a more immersive environment for the user with the virtual world,” explained CEO Dr Yeo Joo Chuan, in the company’s future plans. “We are grateful and look forward to working with our investors and partners.”
Back in November 2021, the company launched their Sensor Development Kits, comprising fabric sensors, sensing board, and PC software/app to allow developers to incorporate the company’s microfibre sensors. In the healthcare space, the company has also partnered with a local hospital to develop solutions for medical simulation and training of nursing professionals. Built together with a virtual avatar and unique artificial intelligence algorithm, Microtube Technologies developed wearable sensors that can predict the user’s accuracy in the insertion of intravenous cannulations.
“The fund is privileged to take part in Microtube’s Seed Funding round as their first institutional investor. We are excited to work alongside the founders to build their wearable sensor platform for expansion into new sectors and support the team in their next phase of growth,” said Dr. Wong Mun Yew, Managing Partner of Oriza Greenwillow Technology Fund
