Posted March 3, 2020
Technical.ly Baltimore: InferCabulary picks up $250K investment from Maryland Momentum Fund
With the funding from the University System of Maryland's venture fund, the TU Incubator-based company is planning to hire.
The University System of Maryland’s venture fund made a $250,000 investment into Towson edtech company InferCabulary.
The investment from the Maryland Momentum Fund will help the company as it looks to expand its visual vocabulary app. The company plans to hire in inside sales, customer success and accounts management, said CEO Beth Lawrence.
Founded by Lawrence and Deena Seifert, who are speech language pathologists, the company is based out of the Towson University Incubator.
Maryland Momentum Fund Managing Director Claire Broido Johnson said the team demonstrated a few qualities that we often see investors valuing: “grit and resilience,” and are “very coachable.” The Momentum Fund was launched to invest in ventures affiliated with the university system.
Read the full story from Technical.ly Baltimore.