Founded in 2017, Inirv is a security company. Its primary product is a sensor that can be used to prevent house fires. The sensors can be controlled by a smartphone or Google Play Store. Inirv has a net worth of over 800 thousand dollars, and the company is looking to expand its market worldwide. Its goal is to ensure that no one suffers from serious injuries or death by using the device.
Inirv was started by Ranjith Babu and Akshita Iyer. Babu worked as a neurosurgery resident at Duke University, while Iyer was studying biodesign at Stanford University. While working at Duke, Babu’s workplace was burned to the ground because of a teapot fire. Afterwards, he began researching Inirv. During this time, he also developed a more effective thermal energy technique. This led to his founding of Inirv.
The first round of funding for Inirv was $175 million. Its stock was issued for sale to investors. Inirv soon invested in capital super, and began to cut manufacturing expenses. Its headquarters are located in Durham, North Carolina, USA.
Inirv has a number of issues that need to be resolved. For example, the company claims that Enventys Intelligent Technologies, a prototyping firm, sold defective devices to Inirv Labs. Inirv has filed a counterclaim against Enventys, stating that the firm failed to deliver a working prototype. The company also alleges that Inirv Labs requested “numerous changes” to the prototype. The company also alleges that it never paid Enventys for the work they did. The suit was filed in June of this year.
The company recently raised $450,000 in the TechStars future home accelerator funding program. It plans to increase its advertising budget, and is looking to expand to a global level. Inirv has a very fast-growing company. Its net worth has risen from zero to over eight hundred thousand dollars since its debut in 2017.
Inirv has a strong focus on safety, as they have a goal to prevent house fires. They have come up with a system that can turn off your stove automatically after a set time. In addition to preventing fires, Inirv can be used to control the temperature of gas stoves and iron furnaces. Moreover, Inirv can be controlled through a smartphone, Google Play Store, or Alexa. Inirv has a wide range of products that will help improve the quality of life of many people.
Inirv also features a smart knob, which was featured on Shark Tank in January. During the episode, Lori asked Ranjith to show her the smart knob. The two then proceeded to sell shares of Inirv to increase their investment. Inirv allegedly owes money to the manufacturer of the knobs. This may have contributed to the investors closing their wallets during the show.
Inirv is a new company, and the founders have a lot of work to do. Besides working on the company’s products, they have a number of other issues to resolve. They also need to deliver their products to customers.