Israel’s Kado (Part of the Israel Pavilion at CES this Year) raises $1.2m for ‘world’s thinnest charger’
Israeli start-up Kado said Tuesday it has raised $1.2 million to complete development of what it says is the world’s thinnest wall charger.
Kado, a maker of ultra-thin charging technologies, has developed two chargers: one for smartphones and tablets and one for laptops.
VC firm AltaIR Capital participated in the seed round, Kado said, and in coming weeks it intends to launch a Series A financing round to prepare for the commercial launch of its products this year.
Kado’s founders, Itay Hasid and Daniel Assis, who set up the company in May last year, have developed a power conversion technology that allows high levels of power density and utilization, enabling the creation of compact and thin chargers and transformers.