Trinity spin-out Danalto raises €1m in seed funding :

Trinity spin-out Danalto raises €1m in seed funding
Image: © Kit Leong/Stock.adobe.com
The IoT company has been backed by investors of Decawave, which was sold for $400m last year.
Last year, Irish chipmaker Decawave was acquired by US company Qorvo in a €400m deal after almost 13 years in business.
Now, angel investors who made huge gains from that sale have backed Trinity College Dublin (TCD) spin-out Danalto in a new €1m seed round, according to The Irish Times.
Danalto was founded by David McDonald, Tom Farrell and Albert Baker in 2017 and raised €750,000 in seed funding the following year.

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