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NoblePeak
Vision Corp., whose technology is transforming the night vision market,
announced recently that the company has raised $12 million in Series B equity
financing. The Series B round was led by Chart Venture Partners, a new NoblePeak
investor. NoblePeak’s original investors, Matrix Partners and Northbridge
Venture Partners, also fully participated in the round.
The
Series B funding will provide growth capital as the company launches it’s new,
TriWave® night vision technology into key commercial, government and military
markets. The company is currently taking orders for its high-resolution NPV700
evaluation camera platform and developing a camera core product that will be
supplied to camera OEM partners in the third quarter of 2008.
“Our
Series B round was oversubscribed,” said Mike Decelle, president and CEO of
NoblePeak. “This infusion of capital enables us to add key hires to our camera
core design, development and manufacturing teams, plus build out our business
development and customer support organizations. Our decision to work with Chart
was strategic and based on their deep experience and relationships within the
government and military markets.”
“NoblePeak
stands out in the industry as a company with a technology platform perfectly
suited to achieving the vision of low-cost high-performance night vision
imaging,” said Cole Van Nice, partner at Chart Venture Partners. “Our team
at Chart is well aware of the limitations of existing technologies and we
understand the need for night vision solutions that provide world-class night
image quality but at a price point that enables broad deployment in the
commercial and military/government markets. We believe NoblePeak has the answer
to this need.”
NoblePeak
Vision was founded in 2002, and is a private company headquartered in Wakefield,
Massachusetts. The company provides imaging products that are sensitive over the
visible to short-wave infrared (SWIR) spectrum and which enable breakthrough
night vision performance with applications in the commercial security,
transportation, and defense markets. At the heart of these components is TriWave®,
a revolutionary germanium-enhanced monolithic CMOS image sensor technology. This
integrated approach allows the entire infrared image sensor to be manufactured
in a standard silicon process line, enabling unprecedented resolution,
performance, and cost. NoblePeak Vision was recently named the winner of the
2007 Global Security Challenge for the world’s most promising security
technology start up company.
For more information, please visit
www.noblepeak.com
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