Startups in Raleigh and Winston-Salem are raising equity, according to SEC filings.
WISER Systems, which traces its beginnings to when CEO and founder Dr. Elaine Rideout, a professor at NCSU and serial entrepreneur, got tired of constantly misplacing her reading glasses, has raised its first capital and wants to bring in $500,000.
“Find your stuff, find your people …” – that’s the WISER pitch. And it is gaining real-world traction.
WISER, which launched a decade ago and has developed proprietary technology and is based at NCSU’s Centennial Campus, is making the Internet of Things real.
Meanwhile, Winston-Salem biotech URO-1, is looking to raise nearly $3 million in equity.
Here are details as reported by North Carolina Business News Wire:
- Raleigh-based WISER Systems has raised $120,000
By Taylor Street
RALEIGH – A provider of tags that track locations of materials and people has raised $120,800, according to a filing Monday with the Securities and Exchange Commission.
WISER Systems Inc. raised the money from four investors, according to the filing.
The Raleigh-based technology company currently has $379,200 remaining of the total $500,000 in fundraising.
The company has raised the money in the form of equity.
WISER Systems is an award-winning startup at North Carolina State University Centennial Campus that commercialized a wireless sensor with real-time localization technology.
The company uses its customized WISER tags to track inventory throughout warehouses and manufacturing facilities.
The technology can also be used to track patients in medical centers and medical devices in hospitals and clinics.
WISER Systems is led by Rideout. Rideout is also an adjunct professor at NCSU since 2011.
Rideout is a career entrepreneur with more than 25 years in the business. She has raised over $100 million to capitalize her business and nonprofit ventures.
- Winston-Salem biotech company URO-1 raises $1.1 million
By Luke Bollinger
WINSTON-SALEM — URO-1 Inc., which is developing medical products for urology procedures, has raised $1.1 million in an equity offering, according to a filing Monday with the Securities and Exchange Commission.
The company raised the money from nine investors.
URO-1 has offered $2.9 million and $1.8 million remains to be sold.
Ted Belleza has served as CEO and president since April 2017. The chief technology officer of the company is Jack Snoke.
Snoke has received more than 40 patents for medical devices, which he’s been designing since he graduated from Georgia Institute of Technology in 1978. He built a previous company, Surgical Endoscopy Systems, around new products for obstetrics and gynecology doctors.