PALO ALTO, Calif. and LLOYDMINSTER, Canada - Aug. 5, 2010
Iron Will Innovations, the technology company founded to bring revolutionary interface products to the global market, today announced the successful close of a $3MM Series A round of private funding. This initial funding enabled the company to engineer, manufacture, and launch their debut product, the Peregrine glove.
As the company moves into its next phase of growth, Iron Will Innovations has opened a Series B round, with over $2MM in private funds successfully closed thus far. The new capital will allow the company to expand marketing and distribution of the existing Peregrine product and prepare their next generation Peregrine glove which will open up other industries and applications.
In preparation for the next phase of corporate growth, Iron Will Innovations has installed a new C-Level management team. Brent Baier, founder and current CEO, will transition into a new role as CTO, where he will lead the development and evolution of the company's product line. Current COO Tim Barrett will become the new CEO and Dale Flint the new COO.
"What began as a groundbreaking idea to change the way we interact with technology has evolved into a fully realized product, and I am pleased to see our funding progressing to fuel our next stage of growth," said Brent Baier, founder and CTO of Iron Will Innovations. "We have continued successfully raising capital during some very tough macroeconomic times, which I believe to be a great indicator of the market's excitement over our product. As we prepare to move into the next phase of our company's growth I am pleased to welcome Tim Barrett as our new CEO. Tim has led multiple companies to success, and his strong track record bodes very well for the future of Iron Will Innovations."
To find out more about Iron Will Innovations, visit: http://www.ThePeregrine.com.
About Iron Will Innovations
Iron Will Innovations is a technology company founded to bring revolutionary interface products to the global market. Based in Lloydminster, Alberta and Palo Alto, California, the company works tirelessly to imagine, engineer and deliver game-changing products for consumers and partners.
About The Peregrine
The Peregrine is a new way to control games and applications: it is a seamless, customizable input device that you wear on your hand in order to better control increasingly complex PC games and programs. It is designed to replace or, in some cases, augment the keyboard for game play. The Peregrine is an intuitive, comfortable way to gain an edge, taking advantage of the most powerful tool we have– the human hand. The Peregrine was developed by Iron Will Innovations, Inc., a company formed to bring game-changing interface products to the global market. With an innovative culture, IWI aims to empower people everywhere with products like The Peregrine, and change the way the world interacts with technology. For more information, visit http://www.ThePeregrine.com and follow us on Facebook at http://www.facebook.com/ThePeregrineGamingGlove and Twitter at http://twitter.com/ThePeregrine.
Chris Heintz, Account Executive, TriplePoint for Iron Will Innovations