ActiveReplay, the action tracking company behind the Trace. Has reportedly landed $2.1 million in seed funding, according to a story on SoCalTech.com.
Details on the funding have not yet been announced. According to the filing, part of the funding came from Allegro Venture Partners, and also included a number of other investors. Active Replay’s CEO is Dr. Anatole Lokshin, a pioneer in developing GPS devices, who was the CTO of Magellan Navigation.
Sounds like perfect timing as they’ve been promising to release the Trace in March 2014. $2.1 million should get a few devices out into the wild, and it would be nice to see one of these “Strava for action sports” devices make it past the vaporware phase.
[Link: SoCalTech]
