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Yaletown Partners invests in Aerial Technologies, a Montreal success story in the makingMONTREAL, Feb. 18, 2020 /CNW Telbec/ - Always at the forefront in spotting new players bringing technological innovations and disruptions to market, Yaletown Partners announces a significant investment to accelerate the growth of Aerial Technologies. Based in Montreal, with nearly 40 employees, Aerial Technologies uses artificial intelligence to decipher data registered by Wi-Fi systems, transforming a simple router into a motion detection device. This ground-breaking technology is doubly innovative as it creates new ways to use existing devices, without requiring unnecessary hardware replacement. By analyzing the disturbances of the Wi-Fi waves in a defined space, the system can distinguish motion activities and differentiate usual activities from anomalies. The applications of this technology are endless, be it for monitoring patients, security, energy management or automation for residential and professional environments. Shyam Gupta, Partner at Yaletown says, "Finding the talents, ideas and teams that will create tomorrow's business success stories is our passion. Being present and active in Montreal's digital ecosystem gives us the opportunity to discover the incredible potenial of emerging companies, like Aerial Technologies. The real work starts now, as we will collaborate to build an enduring business." "Being supported by Yaletown, an investment company that stands out as the Canadian leader in the innovation sector, is a tremendous lever in our growth", adds Michel Allegue, CTO and co-founder of Aerial Technologies. "With a validated concept, a high-performance product and a pilot project being deployed in Europe as we speak, this investment gives us momentum to reach the next level in our development, as well as a privileged access to a formidable network of potential partners and clients." Highlighting both its technological performance and its commercial potential, Aerial Technologies recently received the prize for "Most Pioneering in Wi-Fi Detection Technology" at Wealth & Finance International's 2019 Artificial Intelligence Awards, in addition to qualifying for the semi-finals of the 4YFN Awards, a world-class trade show for start-ups (Barcelona, 24-26 February 2020). About Yaletown Partners About Aerial Technologies SOURCE Yaletown Partners |