![]() |
|
Windfall keeps IM-Sense
in the picture
A digital photograph and video enhancement specialist is to bring its technology to market after closing a seven-figure deal.
IM-Sense, which was established in 2006 as a spin-out from the University of East Anglia, has received £1 million from a consortium of investors.
The round was co-led by Braveheart, a technology-focused investor, and venture capitalist IQ Capital. Several high net worth individuals also participated in the funding.
IM-Sense’s technology enhances digital photographs and videos automatically and will use the funds for working capital to expand its team and to introduce its IM-Vision product to the market.
Braveheart chief executive Geoffrey Thomson said this is a potentially exciting investment. “IM-Sense has already shown traction within its intended market and possesses a comprehensive patent portfolio that will allow it to maximise the scope of its technology.”
IM-Sense chief executive Alan Henderson added that Braveheart joins the company at an exciting stage of its development. “With the experience already present within IM-Sense’s board, we believe we have a strong team to take our product to market.”
The board intends IM-Vision to be incorporated into software within cameras and mobile phones to enable picture enhancement to be carried out automatically. The technology is currently being evaluated by companies, such as Kodak, Broadcom and Dolby.

People also read ... |
Related Articles |
Useful links
M&A News
- ESI Group’s US software deal Dec 01 2008
- Adecco takes controlling stake in DNC Dec 01 2008
- Cardiff to establish venture fund Nov 28 2008
- Kay Technologies receives £1.8m windfall Nov 28 2008
- Dolphin buys Software Express Nov 27 2008
