Rypplzz Raises $3M in Seed Funding to Scale Its Disruptive Geospatial Technology Platform
LOS ANGELES, Dec. 14, 2023 /PRNewswire/ -- Rypplzz, creators of Interlife®, a multi-patented geo-location platform, today announced that it has raised $3 million in seed funding, led by sports technology investment firm KB Partners, with participation from Triptyq Capital. The funding round brings the company's total capital raised to $6.8 million.
- To keep up with demand, Rypplzz will use the funding to further scale its product and grow its team, with a particular focus on hiring more technical staff.
- As the company moves into the commercialization phase, it is gearing up for a wave of new deployments.
- In the past year, Rypplzz has run several successful pilot programs, enhanced its technology, and has formed strategic alliances with some of the key players in its target industry.
- Rypplzz also collaborated with music artist Grimes, who leveraged the technology to host the first-ever Augmented Reality Art Rave at the Ultra Music Festival in Miami.