On January 4th, wearables company i.am+ has just announced the completion of a new round of funding, led by Everbright IDG.
i.am+ was founded in 2012, with the initial focus on traditional consumer electronics like headphones. The company later started developing smart wearable devices akin to Amazon’s Alexa and Apple’s Siri. Its founder and CEO, will.i.am, known for his prominent role in Black Eyed Peas, launched Beats headphones along with producer Dr. Dre. 2 years after Apple purchased Beats for $3 billion USD, will.i.am created his own company, i.am+.
i.am+’s executives are all reportedly former high-level employees from Apple, Sony, Beats, and other tech companies. Its roughly 300 employees are scattered across the globe, in places including Los Angeles, New York, Israel, Singapore, and Bangalore.
Currently, i.am+’s products span headphones, speakers, and smart wearables. Buttons, its first mass-production consumer offering, has been made available in London’s Harrods department store, as well as the 497 Apple Stores around the world. In China, its retail infrastructure is also close to being finished, with the retail price set at ¥1,598 RMB.
Throughout the company’s history, it has also received funding from Salesforce, Li Ka Shing, Rupert Murdoch, Access Industries, Kering Group, Deutsche Telekom, and Flex Ltd.
Sources say i.am+ is slated to release its second-generation headphones along with 4 other brand new products. Additionally, Everbright has partnered with i.am+ to establish its venture in in the greater China region in order to facilitate synchronized product launches as well as its physical retail presence.
(Translated by Kane Ge)
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