eyeCam has succeeded in getting a helping hand to further develop its eyeHand concept – quite a few helping hands, actually, with $1.5 million raised through Crowdfunder.
The startup calls its eyeHand ‘the wearable smartphone’. The novel concept would use a wristband to project images onto a user’s hand, which the user can then interact with in much the same way that one uses a smartphone touchscreen. In a statement announcing its new funding, the company also said that the eyeHand uses “biometrics to create a secure key, wallet and Internet of Things command center.”
With the emergence of the smartwatch, such a system could face intense competition in the consumer market; but eyeCam appears to have faith that its underlying technology could appeal to bigger companies looking at acquisitions. While eyeCam CEO Bryan Davis credited the Crowdfunding contributions for putting his company “a major step ahead in funding the development of our platform,” he also emphasized that “eyeCam is an innovation company that designs and engineers products for other companies to manufacture and sell as their own,” adding, “We’re encouraged by recent news of companies like Google, Intel, Alibaba, and Facebook increasingly investing in wearables, biometrics and 3-D interfacing technology”.
The company first announced its crowdfunding campaign this past summer.