Kazakh Businessman Kenges Rakishev Invested 3.5Mln Dollars In Start-up Development Of Smart Glasses Orbi Prime
Investor and Chairman of the Board of Directors of KazKommertsBank of Kazakhstan Kenges Rakishev invested $ 3.5 million in a California startup Orbi Prime, which develops high-tech water-resistant glasses, capable of recording up to 90 minutes of panoramic 360-degree video. The gadget allows the owner to immediately publish their recordings through the built in social networks WI-FI transmitter.
OrbiPrime manufactures video recording glasses that offer wraparound 4K video recording, ideal for travelers looking to record parts of their journeys.
The company got its start by raising $280,000 via the Indiego crowd-funding platform. But this week the Berkeley, Calif.-based startup said it had raised an additional $3.5 million from investor Kenges Rakishev. With 90 minutes of recording time and a promised water-resistant shell, the smart eyewear lets users share their experiences to social networks via built-in Wi-Fi. The first sets are due to ship, at about $349 a pair, later this summer.
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Kenges Rakishev is a prominent entrepreneur and investor, and one of the most influential businessmen in Kazakhstan, according to Forbes magazine. Kenges has served in several top positions in both the private and public sector throughout his career and worked as an advisor for the Kazakhstan Interior Ministry and Department of Education.
Kenges is a co-founder of the global venture fund Singulariteam. It was his vision to make advancing mobile technology more widely available after he noted a very real desire for currently unobtainable functionality.