Tech start-up plans €1.2m funding round for light to illuminate our lives | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

Tech start-up plans €1.2m funding round for light to illuminate our lives. DonalMacNamee97 reports.

Sadegh Panahi Azar and Morteza Matkan of illuminAi: ‘By developing our own software, we can drive the cost down.’ Picture: Fergal Phillips

The Enterprise Ireland-backed firm was founded by Morteza Matkan, an architect who came up with the idea while completing his PhD at UCD. But the company has also developed a bigger product – a virtual, artificial window that replicates natural lightscapes – which it plans to market to corporate firms and hospitality companies.

Matkan explained that, during daylight hours, the sky is full of blue-spectrum, intense light which helps the brain produce certain hormones. At sunset, red-spectrum light helps release serotonin. But the company has ambitious plans to outflank its competitors, having developed algorithms designed to gather data and feedback from users as part of a plan to build a software service that is cheaper and more tailored than any other option on the market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Matt Cooper: The collapse of Abramovich’s empire lays bare the devalued standards of the British Premier League | Business PostChelsea Football Club, which lived off financial top-ups from its Russian owner for 19 years, should not now be given public funds to pay the eye-watering wages of players
Source: businessposthq - 🏆 8. / 71 Read more »