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Thank you for subscribing. Vector is considered to be a leading innovator in the Romanian startup scene. In this period, Apple had a market share of Terms and conditions Cookie Policy Privacy policy. For FitBit, the acquisition of Vector Watch was announced two months after the American wearables maker moved to take over Pebble, a pioneer in the smartwatch business. Former MI6 chief gathers intelligence for Romanian tycoon probed for corruption. The first smartwatch developed by Romanian Vector Watch team has been acquired for an undisclosed price by US wearables giant Fitbit , less than two years after it came to market in

U.S. group Fitbit paid USD 15 mln for Romanian startup Vector Watch | Romania Insider

I agree to receive a daily newsletter with the summary of articles from business-review. In an online statement, Vector said that no new product features — software or hardware — will be added, but reassured customers that existing warranties will be honored.

In this period, Apple had a market share of The company operates 28 spaces in prime locations across major world cities in the U. Vector Watch was vectoor in the UK inthe same year that it launched its first range of watches. The startup managed to draw some USD 7 million from investors, in several financing rounds, to develop its international operations, including an office in the U.


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See Andrei Pitis (Vector Watch) at Startup Grind Bucharest

Trending content 25 February Google for Startups Google is committed to empowering entrepreneurs around the world through programs, partnerships, and our products. This new stage includes some major changes that improve the quality of the publication, both editorially and visually on the Romanian media market, both online and andrfi, through the engagement of a new editorial and marketing team.

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Typically, the former benefits from the large pool of skilful developers who focus on the product development, while the latter develops key business connections. Romanian travel destinations in films. Romanian prosecutors suspend activity to protest against Govt.

Fin-Tech startup or a well established Financial Institution, we assist you in seizing the EU Opportunities of the moment. By submitting this form, you are consenting to receive marketing emails from: Last year, Fitbit also acquired Pebble, another smartwatch maker, which indicates a mission by the wearables company to consolidate talented developers involved in the wearables sector.

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Romanian loses lead on top European prosecutor job after EU Council vote. Several private Romanian investors also invested in Vector Watch. Since Romania joined the European Union init has become a popular destination for foreign investors who benefit from the rich pool of IT talent and lower labor costs. P Come and discover what makes us exceptional. If you want to find out more about the cookies we use, you can access our Privacy Policy. InnovX InnovX acceleration program will be launched on the 15th of November as part of the Global Entrepreneurship Weekofficially opening the on-line applications.


Vector Watch has been developing smart watches with a long battery life. We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used. Subscribe to our newsletter. Get in Touch with Us First name. He says that the majority of his engineering team is expected to join Fitbit, including key intellectual property specific to software and firmware development.

Pitis went into the smartwatch market, which was still in its infancy, with a product that differentiated itself from its competitors through its day battery and the powerful software under the hood of the devices. The founding fathers of the Romanian capitalism prepare to pass businesses to their heirs read more. P Success in Top Universities. The founding fathers of the Romanian capitalism prepare to pass businesses to their heirs read more. Twitter Facebook Linkedin Google.

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Meanwhile, FitBit has announced that it will cut 6 percent of its global workforce due to falling sales of its fitness trackers during the ancrei.