Trinity College Dublin spinout Danalto has been backed by the spinout-focused Atlantic Bridge University Bridge Fund and Enterprise Ireland.
Danalto, an Ireland-based internet-of-things (IoT) technology spinout of Trinity College Dublin (TCD), has received €750,000 ($857,000) in a seed round backed by spinout-focused vehicle Atlantic Bridge University Bridge Fund.
Government-owned enterprise support agency Enterprise Ireland also took part in the round, through its High Potential Start-up Programme. Danalto has also raised money from the state-owned Disruptive Technologies Innovation Fund, though it is unclear whether it consisted of grant or equity funding.
Founded in 2017, Danalto is working on…
