Local tech firm secures $185,000 in angel investment

Local tech firm AsystMe is developing a platform for "automated personal assistants." It raised $185,000 in angel investment.

By striblee

August 16, 2011 at 6:54PM

Local tech firm AsystMe said on Tuesday it secured $185,000 in angel investment.

The Waconia-based business said it is developing a platform for "automated personal assistants." The company said the first phase of its platform lets businesses send notifications to customers or employees based on their preferences, location and schedule. For example, a personal trainer could notify clients of an open appointment, but the notification would only be sent to clients that have that time free on their calendars. The first phase will be released in the first quarter of 2012 in a smartphone app, said CEO Joel Nash.

In the future, AsystMe aims to expand the platform to automate a wider range of tasks. For example, if a user's gas tank is close to empty, the software could notify the user of the best price in the area and put the address of the gas station into their GPS system.

Finding investment from wealthy individuals known as angel investors isn't easy. Nash said raising the money has taken longer than he had hoped. The $185,000 investment is part of a $500,000 round that AsystMe hopes to raise.

Nash said he believes his business' success rate with investors has been good. He was previously the CEO of software business As One Technologies.

"I'm very happy with the investors who have joined the team, allowing us to make our vision a reality," Nash said.

about the writer

about the writer

striblee