Source: TechCrunch
Summary
Atech, a hardware company, has raised $800,000 in pre-seed funding from investors including a16z’s scout fund, Sequoia Scout Fund, and Nordic Makers. The funding round was announced on February 21, 2023.
Our Reading
The announcement sounds ambitious.
Atech’s pre-seed funding is just the beginning of its journey. $800,000 is a decent amount to get started. a16z’s scout fund and Sequoia Scout Fund are on board. Nordic Makers is also investing. This is just another hardware startup trying to make it big.
Atech is just rehashing the same ideas that have been around for years, but with a new coat of paint. “Innovative” is just a codeword for “we’re trying to make a quick buck”.
Author: Evan Null
