Pison Technology raises $7M in Series A funding

A tech startup that launched in 2016 is planning to double its headcount in New England after raising new investment funds.MIT spinoff Pison Technology, which has around 40 local employees, closed a $7 million round this month to bring its total funding to $11 million, according to CEO Dexter Ang.A MassChallenge Boston alum, Pison Technology is developing a wrist sensor that enables hands-free control of electronics. The device, which is the size of an Apple Watch, captures neuromuscular signals on the surface of the skin and combines them with machine learning algorithms to interpret how people intend to move their hands, and transmits those signals to a smartphone to control digital devices.Led by Lavrock Ventures, the Series A round saw participation from returning investor In-Q-Tel, a nonprofit investment arm of the CIA, and Bose Venture Capital.

Source: Pison Technology raises $7M in Series A funding, plans to hire in Massachusetts – Boston Business Journal