HOUSTON, TX. October – 8, 2020 – Tienovix, LLC (“Tienovix”) is pleased to announce the completion of its seed round capital raise. Tienovix successfully raised capital contributions of just under $1 million that will be used to meet short and mid-term working capital requirements. “Despite current macroeconomic uncertainty due to COVID 19, we were able to raise a sufficient amount of cash for near-term working capital requirements and to reduce Tienovix’s liabilities with relatively low dilution for the founders”, said Ramy Danial, Tienovix President & Chief Executive Officer. “We are now well-positioned for another capital raise in first-half 2021.”
Tienovix is a worldwide leader in space-age mixed-reality and artificial intelligence technology. Tienovix is developing a world-class intellectual property portfolio to protect and market its proprietary technology and brands. Tienovix is actively pursuing US and international patent and trademark protection for its innovative products and ideas. Well beyond the state-of-the-art, Tienovix has developed a portfolio of patent-pending technology, including augmented reality systems that are capable of interactively guiding a remote user in performing various tasks.
For further inquiries, please contact:
Ramy Danial | Chief Executive Officer 1331 Gemini Ave. STE 315 | Houston, TX 77058 +1 281.928.8428 | firstname.lastname@example.org | www.tienovix.com