Investments
1About Testrite Group
The Test Rite Group is committed to forming a Globally Integrated Enterprise (GIE). Based on over 30 years of experience in export trading, we supply quality and value for products for renowned retailers worldwide such as Walmart, Sam's Club, Target, Staples, Office Depot, Carrefour and Metro etc. With the brands of TLW, HOLA, HOLA CASA and HOLA Petite, we also have expanded into the retail channel market to provide a variety of home-related products and services. Today, the Test Rite Group has become an omni-directional and large-scale enterprise across trading, retail, e-commerce, product design, manufacturing and construction with 22 offices in 16 countries worldwide.
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Latest Testrite Group News
Feb 19, 2016
TAIPEI, Taiwan , Feb. 18, 2016 /satPRnews.com/ -- Athentek, the innovator of smart location technologies, today announced $7M in Series A financing. Foxconn led the round, joined by Testrite Group, CSVi Capital, MediaTek Inc., and other well-respected industry leaders. Athentek will use the capital to expand its design and research teams in the U.S. and Taiwan, while continuing to grow its business development capabilities internationally. The financing follows the company's successful Circo product launch in Hong Kong . Circo is the first in a family of smart wearable devices that keep everyone you love in a close-knit circle. csl Mobile is Athentek's launch partner, and Circo is available now in csl retail stores, with partners in other countries to be announced shortly. "We are very excited to launch Circo, a smart tracker pushing user experience to the next level with intelligent positioning and behavioral analysis algorithms," Athentek CEO Yi-Hsiu Wang said. "We are equally thrilled to be recognized by these industry leaders participating in our first round of financing. Our goal is simply to make everyday life easier and safer. " "There are huge opportunities in the smart wearable devices, and Athentek is bringing innovative solutions to market with cloud-based intelligent learning algorithms," said Mingto Yu, former CFO of MediaTek and Xiaomi. "We believe Athentek's technologies can easily go beyond smart wearable devices, and Internet-of-Things won't reach its true potential without the intelligence behind them. " About Athentek Athentek is an innovative and rapidly-growing startup company focused on the security applications of our smart location technologies. Our mission is to provide the best user experience through tight integration of a wearable device, application software, and cloud services. For more information, visit www.athentek.com Media Contacts:
Testrite Group Investments
1 Investments
Testrite Group has made 1 investments. Their latest investment was in Athentek as part of their Series A on February 2, 2016.
Testrite Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
2/19/2016 | Series A | Athentek | $7M | Yes | CSVI Capital, Foxconn, MediaTek Ventures, and Testrite Group | 2 |
Date | 2/19/2016 |
|---|---|
Round | Series A |
Company | Athentek |
Amount | $7M |
New? | Yes |
Co-Investors | CSVI Capital, Foxconn, MediaTek Ventures, and Testrite Group |
Sources | 2 |
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