Danalto, a CONNECT spin-out from Trinity College Dublin, has received €1 million in angel funding.
Danalto, founded in 2017 by David McDonald, Tom Farrell and Albert Baker, is an Internet of Things (IoT) software platform provider.
Danalto is one of CONNECT’s five spin-out companies, which currently employ 41 people with plans to hire 14 additional staff members in 2021.
Read more about the announcement in The Irish Times.
CONNECT is the world leading Science Foundation Ireland Research Centre for Future Networks and Communications. CONNECT is funded under the Science Foundation Ireland Research Centres Programme and is co-funded under the European Regional Development Fund. We engage with over 35 companies including large multinationals, SMEs and start-ups. CONNECT brings together world-class expertise from ten Irish academic institutes to create a one-stop-shop for telecommunications research, development and innovation.