Tel Aviv-based Invertex specializes in computer vision, a technology that can power 3-D body scans that could customize a pair of shoes to a customer’s feet. The company will help develop digital technology to improve the customer experience, according to Nike’s press release.
The sports apparel and footwear-maker has ramped up efforts to improve and personalize shopping, as more consumers buy products online. For example, NikeID allows customers to design their own shoes on the company’s website.
Health Wildcatters provides funding and mentoring to early-stage healthcare-related companies in exchange for equity. Invertex graduated from its program and received $30,000 in funding in 2014. The company began with the idea of developing specialized insoles and footwear for people with diabetes.
Since Health Wildcatters was founded in 2013, its portfolio has grown to 51 companies. Invertex marks it second exit.
Spotlighting emerging technology
Thought leaders and business executives in artificial intelligence, blockchain and other emerging technologies will soon take the stage at a University of Texas at Dallas conference. The university will host its first Emerging Technologies Summit on April 18 and 19.
The two-day conference will explore how new technologies are changing the landscape for businesses and the government. Featured speakers will include Don Tapscott, who founded the Blockchain Research Institute and wrote a book about blockchain, the technology that underpins cryptocurrency like bitcoin; Shamoil Shipchandler, the regional director of the Securities and Exchange Commission’s Fort Worth office; Dave Copps, the founder of Dallas area artificial intelligence company Brainspace; Jason Kelley, general manager of blockchain services at IBM; and Christopher Calicott, managing director of Trammel Venture Partners, among others.