Gaize Raises $1.2M in Seed Funding

USA – Gaize, Inc., a Missoula, Mont.-based non-invasive impairment detection platform provider, closed a USD$1.2m seed funding round.

Backers included Fritz Lanman, CEO of ClassPass, among other Montana and Silicon Valley based investors. The company will use the funding to finalize the real-time cannabis impairment detection device and begin marketing it to law enforcement agencies. Started in 2021 by Ken Fichtler, formerly the Director of Economic Development for the State of Montana, Gaize is creating a self-contained and portable product that can detect impairment in real-time, beginning with cannabis. The device is a patent pending, self-contained and automated test that leverages machine learning to evaluate several measures of how cannabis impairment manifests in the body and impacts the brain. By instead measuring how cannabis impacts normal bodily processes, Gaize can precisely measure experienced impairment in real-time. This will give law enforcement a reliable tool they can use to ensure that drivers are safe. It also provides a proactive testing methodology for businesses with safety- or security-critical employees. For law enforcement customers, the product also provides video evidence of impairment from automatically performed tests.04/03/2022