News

Israeli Engineers Create Gadget That Fights Panic Attacks

Published

3 years ago

March 5, 2021

israeli engineers create a gadget that fights panic attacks

CalmiGo

It’s estimated that between 1 and 2 percent of the general population experience panic attacks from time to time. Unfortunately, the outbreak of the coronavirus pandemic has given us all a new source of anxiety, and the light at the end of the tunnel still seems far away. Some mental health experts even worry that the current pandemic could be followed by a mental health pandemic of yet unknown proportions.

The good news is that there are people like biomedical engineering Adi Wallach and her mother, Dr. Orna Levin, who understand that mental health issues can be just as debilitating as physical ones and are determined to do something about them.

After years of struggle with Wallach’s panic attacks, the mother-daughter duo decided to combine their expertise and use technology to help people around the world live their lives without panic attacks. Through their Israel-based company, Dendro Technologies, they released a product called CalmiGo, which looks like an asthma pump but functions completely differently.

“The idea came about as a result of my own personal struggles with anxiety attacks,” said Wallach. “Out of this unfortunate situation, CalmiGo was conceived. I was searching for something, anything, that I could take with me that would help me get through these moments of distress. When I was unable to find an adequate solution, I decided to create a device which people could take with them everywhere they go, one that would help them stop moments of anxiousness and distress regardless of age, location, or technical abilities.”

Also Read: UAE Is Ready To Test New Face ID Technology In Service Delivery

CalmiGo is essentially a smart deep breathing companion whose purpose is to calm your breathing in stressful situations to prevent the onset of a panic attack. To accelerate and deepen the relaxation, the device features a scented element (lavender, peppermint, or bergamot) as well as an optional function that vibrates the device to provide multi-sensory stimulation.

CalmiGo is compact enough to carry in a small pocket, and studies have shown that just a few minutes each day with the device can significantly reduce common symptoms of anxiety and stress. You can order CalmiGo right now on its official website by or via Amazon.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

2 days ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.