South African Startup Asimmetric Accepted to San Francisco-based Accelerator Highway1
San Francisco — Sep. 29, 2015 — Asimmetric, the Internet quality company, is the first ever South African company to join the hardware accelerator program Highway1.
Located in San Francisco, California, Highway1 is an intensive 16-week program where hardware startups work directly with a dedicated team of engineers and other professionals to improve their hardware, operations and sales. Asimmetric is at Highway1 to produce the next generation of its hardware: a network sensor used to test Internet quality for Wi-Fi providers and mobile operators.
"We're a software and analytics business, but our proprietary hardware is an important part of how we deliver our product," says David Wilson, co-founder and CEO. "Building hardware is difficult, but having partners like Highway1 and PCH, who've seen it all and done it all before, eliminates a lot of risk for us."
Asimmetric's co-founders are currently working out of Highway1's office and state-of-the-art prototyping lab in San Francisco. The program also includes access to experienced mentors, a cash investment, opportunities to pitch to venture capitalists, and a trip to China to meet and work with manufacturers. Highway1 is a division of PCH, a custom product solution company for startups and Fortune 500 companies.
Co-founder Ross Douglas who has just returned from the trip to China said, "It was valuable to meet with suppliers and to see the most advanced factories in the world. We will bring what we have learned back to our partners in South Africa, as we continue to manufacture most of our hardware in Cape Town." Asimmetric's network monitoring Bots are now installed on three continents.
"This would be a fantastic opportunity for any company, but for a Cape Town-based startup with humble beginnings it is extraordinary," added Wilson. "San Francisco is the centre of the tech universe. We've met some of our tech heroes. We've met with some giant tech firms that are household names. We are incredibly fortunate and are working around the clock to make the most of this rare opportunity. We're excited by how everything we are learning and doing is going to help us serve our clients better."
Asimmetric is one of 13 companies selected out of more than 350 that applied to participate in the program this Autumn. Fifty-eight startups have participated in the program to date, including popular hardware companies Drop, Ringly, Podo, and Cue. Alumni have raised more than $61 million in funding.
Asimmetric helps Wi-Fi operators, network carriers, Internet service providers, hotels, airports, hospitals, and enterprises deliver on their promise of wonderful, worry-free Internet quality. Its Wi-Fi monitoring product helps to improve service quality and monetisation, and reduce site visits and other operating costs. Founded in late 2013, Asimmetric has attracted investment from international telecoms industry leaders and PCH's hardware accelerator Highway1. It is based in Cape Town and San Francisco, and is currently hiring top network and software engineers.
Highway1, a division of PCH, is a hardware startup accelerator located in San Francisco. We work with great hardware startups to design products that deliver real value to customers, are delightful to use and can be manufactured at scale.