RHC Family of funds is happy to announce that two of its special purpose entities investment in SAFEs have converted. Below is the press release for one of on notes that converted.
Entrupy Secures $2.6 Million Series A Funding for AI-driven Luxury Product Authentication Technology.
NEW YORK, July 13, 2017 /PRNewswire/ — Today, Entrupy, a hardware-enabled SaaS company with artificial intelligence-based technology for authenticating high-end luxury goods, announced that they have secured $2.6 million in series A funding. The investment, led by Tokyo-based Digital Garage and Daiwa Securities Group’s jointly established venture arm, DG Lab Fund I Investment Limited Partnership (also known as DG Lab Fund), along with “Super Angel” Zach Coelius, will accelerate further development of Entrupy’s technology while enabling the company to increase product coverage, improve hardware and expand strategic partnerships worldwide.
Led by a team of technologists and academics, Entrupy is increasing global awareness of the growing business of counterfeit physical products and building scalable, affordable solutions for its prevention. Using a deep learning-driven database with millions of microscopic images, Entrupy is able to verify authenticity with a constantly-improving level of accuracy. Currently, it is the only technology-driven solution of its type, offering resellers and marketplaces a faster and more reliable route to trusted transactions than the manual and subjective processes that remain industry standards.