Wiivv Wearables has raised a seed round.
The Vancouver-based bionics company secured $3.5 million in funding.
The Canadian startup has developed a scalable, enterprise-level Adaptive Manufacturing System that features the world’s fastest product customization engine designed to produce custom body gear.
The financing was led by Eclipse VC (formerly Formation 8 Hardware Fund), Real Ventures, and is the first investment made by Asimov Ventures, a seed and early stage VC focused on 3D printing and robotics. Evonik Industries and MAS Holdings also joined the round as major strategic investors.
“Wiivv is at the forefront of mass customization, a new approach to traditional manufacturing that is on par with the ‘on-demand’ world we live in today,” said Alan Meckler, Asimov Ventures, General Partner. “Wiivv is poised to serve as the gateway for body-part specific telemetry, and made-to-fit gear using a cutting edge adaptive manufacturing system. Their team and bold vision exemplify the kind of partners we choose to work with.”
The core innovation at Wiivv is a proprietary product customization engine that begins with digital capture and ends with manufacturing of a biomechanically enhanced 3D print-ready file in seconds.
“The technology we have created is our foundation, but ultimately our vision is to add 10 active years to peoples lives,” said Shamil Hargovan, CEO, Wiivv.
Wiivv says it will enter the market through a Kickstarter campaign which it plans to launch early next year. Wiivv was featured in the Inc. Magazine “Coolest College Startups 2015”, Forbes “Twelve of Today’s Most Impressive Young Entrepreneurs”, and was winner of both the Inside 3D Printing Start-Up and the Vancouver Start-Up Week Product Hunt Demo competitions.