After terminating its Binary Options brokerage and platform business (as well as all employees), and freezing its investments into blockchain based ticketing and diamond exchange businesses Footies and CEDEX, AQSE Growth Market listed TechFnancials has announced that it has made a new investment into an Israeli medical devices company called RenewSenses.

RenewSenses aims to revolutionize the way people with visual impairment experience the world. The company develops a wearable device that combines cutting-edge computer vision and vision-to-audio and vision-to-touch sensory substitution methods, enabling users to detect and locate objects, people and general visual characteristics in their immediate surroundings through alternative senses. With the help of the investment RenewSenses aims to finalize it’s A.I. Cane product and prepare for initial penetration into the market by building international partnerships and sales channels, focusing on the aging European market.

The A.I. Cane consists of a camera attached to the company’s customized hand-held device that helps visually impaired people to navigate freely. The A.I. Cane uses a companion mobile app to detect and identify obstacles, objects and people in real-time.

Asaf Lahav, TechFinancials Executive Director stated:

“We are thrilled to invest in a young and promising technology company that solves real problems that may change positively the life of so many people. We will do our best to support RenewSenses in its journey towards success.”

In terms of size and deal structure, TechFinancials said it has invested a sum of about $148,000 in RenewSenses in an equity round using a SAFE agreement, that when converted will give the company an equity position of at least 17.02% in RenewSenses.