Overview
Independent investment firm focusing on private equity and real estate.
Founded
2012
Deals · 12mo
0
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- Variable
Participated · Series A · Jun 2013
Variable builds NODE, a modular wireless sensor platform with an open API that is compatible with smartphone operating systems and encourages third-party app development. NODE originated from a prototype developed by CEO George Yu for a Department of Homeland Security project at NASA’s Ames Research Center. The product launched to strong consumer attention—CNN named NODE the “Coolest Gizmo We Found at CES,” and it received coverage in Forbes and Bloomberg BusinessWeek. Hundreds of NODE modules are already in the hands of early adopters via nodesensors.com, and the company previously ran two Kickstarter campaigns that raised more than $120,000 collectively. Variable plans to use new capital to consolidate efforts on a commercial platform, fund the launch of its first app developer conference, and continue R&D to expand its sensor lineup.