Today xLabs concluded its initial investment round, accepting an undisclosed sum from a handful of individual investors. We’re proud to have attracted a set of technology-focused leaders whose contacts will help to develop future partnership opportunities for xLabs.
Funding from this investment round will be used to complete development of our software developer kit (SDK) by mid-year and release of at least one product based on the technology.
xLabs will simultaneously continue to explore commercial partnerships, focusing particularly on user experience research, online training and digital advertising metrics. With the release of our SDK, we will simultaneously allow developers to build their own web-based products and services using our core technology.
It’s going to be a big year.