[ Hug Innovations Corp raises $5.11M in Series A ]

Hug Innovations Corp has raised $5.11 million in Series A  funding.

Founded in 2014, Hug Innovations Corp is a technology startup developing gadgets for fitness lovers which work on gesture recognition mechanism. The startup has developed a gesture control smartwatch weighing 46 grams. It lets users make calls, track physical activity and nutrition, play music and find devices.

The fresh money will be used to develop four different application areas including fitness, virtual reality, industrial automation, and drones.

Funding  Series A
Founded  2014
Country  India
City  Hyderabad, Andhra Pradesh
Founder / CEO  Raj Neravati
Deal Size  $5.11M
Investors  Sajeev Menon
 Venkat Vallabhaneni
 Mohit Srivastava
 Kishore Ganji
Previous Investors  /