4tiitoo, a Munich-based startup specializing in gaze control for computer operation, receives 3.1 million euros from a group of investors as part of a capital increase. The round is led by the Austrian entrepreneur Sandra Berkson, with business angels from the BayStartUP investor network on board.
4tiitoo co-founder and managing director Tore Meyer says:
We are very pleased about the successful pre-A financing round and see it as a sign for the potential of our technology, especially in the current challenging environment. Higher efficiency combined with improved work ergonomics is an extremely important aspect of our solution in these times where people spend more and more time working on the computer.
The fresh capital mainly flows into the marketing and further development of the current software platform NUIA Productivity+ as well as other smart eye control solutions. They will soon also make video-based communication in the "New Normal" of mobile work much more efficient. Due to the continuing high interest, the financing round will remain open for a second closing for further investors until the end of November.
Eye instead of computer mouse
4tiitoo's solutions replace a large part of the mouse interaction at the computer workstation with completely natural gaze control. This increases efficiency by up to twelve percent and improves workplace ergonomics at the same time. For example, users can control links, elements and input fields directly via their gaze and automatically scroll content at their reading speed. In addition, the AI-based, self-learning software recognizes individual user behavior after only a short period of use, makes increasingly precise predictions and actively suggests expected input. This technology, known as "intention prediction", opens up a completely new dimension in interaction with our devices, which is coming ever closer to natural communication between people.
4tiitoo's products are used across industries and cover all areas of human-machine interaction. 4tiitoo's customers are leading companies in the financial services, insurance, automotive, engineering, utilities and manufacturing industries, among others. The NUIA software platform is used at computer workstations in different departments, from accounting and purchasing to construction and software development, service centers, logistics and production.
Dr. Carsten Rudolph, Managing Director of BayStartUP, says:
The combination of high-tech with a high degree of innovation and an attractive, scalable business model makes 4tiitoo particularly attractive for investors. The fact that we actively contributed to the financing round of the company is also a great success for our investor network.
The Viennese entrepreneur and investor Sandra Berkson on her motivation for the investment:
4tiitoo's eye-tracking solutions will completely change the way we use computers. Looking instead of clicking' will become a synonym for modern and ergonomically optimized workstations. The 4tiitoo team is already at the forefront of practical eye-tracking solutions with its innovative AI-based approach. For us this is also an ideal investment case because 4tiitoo's solutions can be scaled across an extremely large number of applications, industries and work areas.
Basically, the 4tiitoo software works in all common computer programs. For MS-Office applications, internet browsers and a variety of application programs, further optimized features and functionalities are available.