AREA Founding Sponsor Member Atheer announced that it has raised $14 million in Series B financing. In the title post on the Wall Street Journal Daily Startup blog, the announcement that Signatures Capital and Streamlined Ventures led the round caught the eye of investors. The round also included Fang Group, FundersClub, RONA Holdings and Shanda Group. The new funding brings Atheer’s total raised to $25 million, including $2 million raised by gesture recognition software provider ONtheGO Platforms, which it acquired earlier this month.
This is on the heels of another announcement on November 18, 2015 that AREA Founding Sponsor Member APX Labs similarly closed a round of $13M financing for its smart glasses software platform.