Rylo got on the hype train around this time last year, with their unique and interesting take on the 360 Camera technology. The company has been fairly off the news since then but we reckon that’s not going to continue for very long.
Rylo scored a cool $20 Million funding in their Series B, led by Icon Ventures. That brings its total up to $35 million, with help from Accel Partners and Sequoia Capital. Plans for the funding are pretty much what you’d expect.
“Securing Series B funding from this excellent group of investors will allow us to maximize our potential for growth and earn significantly more market share,” CEO Alex Karpenko said in a release tied to the news. “We have come a long way since our launch one year ago, and I’m excited to continue to drive Rylo’s growth through investments in marketing, sales and retail partnerships in the coming year.”
Rylo showcased some cool, never seen before techniques with their 360 camera last year like image stabilisation, subject following and some unorthodox effects. The product has a decent retail distribution across the US but the 499$ product has yet to see customer adaptation and excitement as seen by competing products from companies like GoPro.
