News Flash Home
The original item was published from 1/7/2020 4:18:00 PM to 2/12/2020 9:45:36 AM.

News Flash

Danville, VA Local Government News and Announcements

Posted on: January 7, 2020

[ARCHIVED] The Launch Place invests again in Revibe

The Launch Place today announced it is making a second investment in Revibe Technologies to assist the company with its latest product – a smartwatch that uses machine learning to send vibration signals to remind the wearer to stay focused and achieve their best work independently inside and out of the classroom.

The watch learns the user’s needs and adapts itself accordingly. Though the watch’s main consumers are students, it is also marketed as a resource for teachers, schools and parents.

Besides the focus vibration reminders, Revibe’s key features include date and time display, step counting, splash-resistant hardware and an app that shows metrics of the wearer’s daily activity (e.g., attention span, fidgeting, etc.).

“One thing I enjoy about investing in and working with startups at The Launch Place is seeing how the companies grow and expand over the months and years we partner with them,” said Eva Doss, The Launch Place President and CEO. “The Launch Place was the first institutional investor of Revibe; we took an early risk, and it has been a pleasure watching Revibe Technologies grow to where they are now, and I look forward to seeing what the future holds for them.”

To date, The Launch Place has invested $4.3 million in 17 portfolio companies. It also provides valuable business resources from its offices in Danville, VA, and the Research Triangle Park, NC. The Launch Place has traditionally invested in companies that align with the advanced manufacturing, IT, medical technology and other high growth industries.

The Launch Place first invested in Revibe Technologies five years ago when it was an early stage wearable tech startup operating as FokusLabs. The investment of $40,000 went toward helping the company research and develop its prototype.

According to Brancaccio, one component of the partnership that Revibe Technologies is looking forward to is meeting The Launch Place’s Danville connections in the packaging and distribution space. With a product on the market, they are looking to expand the scale of their operations.

“The Launch Place has already helped us proliferate fundraising efforts and gain capital through their extensive network of investors,” said Brancaccio. “Their help has allowed our company to grow bigger and better, and we’re confident their expertise will help us continue to scale our business well into the future.”

Revibe Connect currently has a 4.2-star rating with more than 300 consumer reviews. The technology was built through insight from hundreds of case studies and the watch has improved the educational outcomes of thousands of students across the United States.

Additional Info...
Facebook Twitter Email

Other News in Danville, VA Local Government News and Announcements

City awards grants to 29 small businesses

Posted on: September 20, 2023
Fall 2023 IDDU Graduation

Police Department honors IDDU graduates

Posted on: September 19, 2023
VACP Valor Award

Five officers receive VACP Valor Award

Posted on: September 13, 2023

City receives grant for Oak Hill cemetery

Posted on: September 12, 2023
Chris Wiles

City manager names interim police chief

Posted on: September 12, 2023

Regional housing summit registration opens

Posted on: September 12, 2023
Mayor delivers keynote address.

Mayor speaks at 9/11 commemoration

Posted on: September 11, 2023

City to hold ceremony at Oak Hill cemetery

Posted on: September 7, 2023

Project Imagine partners with CIS program

Posted on: September 6, 2023

Life Saving Crew to host 9/11 ceremony

Posted on: August 28, 2023
map - Memorial Drive resurfacing

Memorial Drive resurfacing scheduled

Posted on: August 28, 2023

Health data published through dashboard

Posted on: August 23, 2023

Housing Extravaganza set for Saturday

Posted on: August 23, 2023
Curtis Artis, Shakeva Frazier

Project Imagine staff members honored

Posted on: August 17, 2023
K.N. Kuper

First female added to Police SWAT team

Posted on: August 14, 2023