Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Intel Capital invest in kiwi software developer Performance Lab Technologies Ltd
Posted on 26-Jun-2014 10:19. | Tags Filed under: News.



Intel Capital, Intel Corporation’s global investment and M&A organisation, today announced an investment in Performance Lab, a developer and marketer of real-time exercise measurement analysis and virtual coaching software, based in Auckland, New Zealand. While the details of the investment were not released, the funding will be used by Performance Lab to advance product development and to accelerate international expansion.

Performance Lab is a New Zealand headquartered company that designs automated coaching technology for exercise and activity. Its ARDA product suite provides the next generation of intelligence for exercise and activity applications. The technology works across most fitness and wellness devices and provides automated coaching in real-time to optimise a user’s performance based on sensor detection, the user’s changing physiology, classification of their training, history, behaviours and goals. ARDA transforms readily available data into meaningful, relevant advice for consumers across smartphones and tablets.

“The sports, fitness, health and wellness sectors are fuelling strong global demand for smart gadgets,” said Sudheer Kuppam, Managing Director, Asia Pacific, Intel Capital. “Performance Lab’s suite of products provides enduring value to the smart gadgets that customers are incorporating into their health and fitness regimen.”

“We are looking forward to working with Intel,” added Waynne Dartnall, Chief Executive Officer, Performance Lab. “The combination of funding, together with technology, sales and marketing expertise, will help Performance Lab take our advanced coaching software to a global level.”

The investment was led by Deepak Natarajan, Director, Intel Capital, Southeast Asia, Australia and New Zealand, who will join Performance Lab’s board as an observer. This announcement follows investments of over US$100 million in more than 20 technology companies in Southeast Asia, Australia, and New Zealand since 1999. Intel Capital’s focus in the region includes mobility, security, cloud infrastructure and services, wearable technologies, and Internet of Things.



comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

How I propose to fix the property market.
Created by Aredwood, last reply by dejadeadnz on 27-Jul-2016 00:09 (60 replies)
Pages... 2 3 4


Which island to go to on holiday?
Created by nate, last reply by Asmodeus on 26-Jul-2016 22:25 (27 replies)
Pages... 2


It must take a very special person...
Created by Dynamic, last reply by Dynamic on 25-Jul-2016 11:53 (18 replies)
Pages... 2


Wifi hotspot on a timer for restaurant?
Created by adamshand, last reply by olivernz on 26-Jul-2016 17:29 (17 replies)
Pages... 2


Android 6 location aware sound profiles / automation?
Created by timmmay, last reply by Stu on 23-Jul-2016 16:07 (14 replies)

wireless/bluetooth earbuds
Created by howienz, last reply by blakamin on 26-Jul-2016 23:07 (13 replies)

Converting to main pressure and gas.
Created by Paul1977, last reply by Scott3 on 26-Jul-2016 23:01 (27 replies)
Pages... 2


Pre pay texting
Created by madcarue, last reply by madcarue on 25-Jul-2016 14:32 (13 replies)