Innovative Cypriot company making waves by raising more funding

Innovative company Irerobot is aiming to establish a significant presence in the EU research and development ecosystem, focusing on projects that have a positive human, social and environmental impact.

The company is based in Nicosia and was founded by Evagoras Xydas. Evagoras assembled an experienced team with expertise in the fields of electronics, design, usability, and human-machine interaction.

This new area of innovation is challenging and disrupting the way humans interact with machines, particularly in a constantly evolving world with increasing dependence on technological innovation and progress.

“Our vision is to become an international player in haptics. Our innovations are poised to be disruptive forces in the space where technology stimulates and simulates the physical sensation of touch & feel in the digital world,” Evagoras stated.

The company’s proprietary technology, protocol, and algorithms are the foundations for developing, designing, and building a wide spectrum of interfaces, wearable, and other devices that enable sensory-enhanced experiences. The company’s work aligns with the accelerated movements of the Web 3.0 space, where the way humans interact with machines will continue to drive technological and commercial revolutions.

The company’s flagship project ACETT was funded through a 500,000 EUR seed grant awarded from the Research and Innovation Foundation of Cyprus. ACETT stands for Auditory Communication Enhancement Through Touch, and the wearable device enables “sound experiences” through touch. The project is set to revolutionise the tactile interface industry by enabling natural immersion in the acoustic world through the sense of touch.

While working on ACETT, the Irerobot team developed its proprietary algorithms, software, hardware, and methodologies, which are now the foundational components for Irerobot’s wider haptic applications that may apply to smartwatches, smartphones, VR/XR-Sets, and other human-machine interfaces including within Web3.0 applications.

Recently, the KV Fund invested another 300,000 in the company to help them accelerate development and fuel the business applications of the haptics technology. Furthermore, the team at Kinisis Ventures will offer mentoring and more business networking opportunities in order to open up the US market for Irerobot.

“The commercial applications of the technology that Evagoras and his team are developing can be globally relevant, sector disruptive, and even category-defining. The way humans are interacting with machines in the evolving new digital world will disrupt many sectors and industries such as gaming, mixed-reality training/education, and Web-commerce,” cofounder of Kinisis Ventures Yiannos Georgiades said.

“We are entering an exciting new chapter in the life of Irerobot and we look forward to expanding our team and partners to help push our technology and innovation even closer to internationally viable, competitive, and scalable commercial products,” Evagoras added.

Some other partners and collaborators of Irerobot are ARIS Accelerator, the medical school of the University of Nicosia, the JKU Institute of Robotics, Promtek, GT engineers and others.

The future is bright for the haptic innovation company.