Former Citigroup CTO raises $1M for hardware startup Avegant on Kickstarter

February 7
9:13 AM 2014

Former Citigroup global chief technology officer (CTO) Yobie Benjamin has successfully raised $1 million via Kickstarter for the new headset of hardware startup Avegant, according to VentureBeat.

Being the former CTO of Citigroup meant living on planes for Benjamin. During international flights, he would often see co-passengers struggle to listen to the audio of a movie by using headsets plugged into an iPad, the report recounted.

Benjamin later quit Citigroup to join a hardware startup called Avegant. The firm's team is currently building a new headset called Glyph. This product projects the moving images directly into the user's eyeballs. VentureBeat's Dean Takahashi said the headset gives the user an experience similar to watching a movie on an 80-inch TV, the report detailed.

The Avegant team decided to raise funding for Glyph on Kickstarter. Just halfway into the crowdfunding campaign, Avegant has already passed its $1-million goal. Glyph is now among the most successful hardware products in the history of Kickstarter, VentureBeat reported.

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