Visualant closes $5M in funding for spectral pattern-matching technology

    June 14, 2013
    Visualant (OTCQB:VSUL) has closed equity funding worth $5 million, led by Special Situations Technology Fund, to help unveil ChromaID, a spectral pattern-matching diagnostics and identification technology.

    Visualant (OTCQB:VSUL; Seattle, WA) has closed equity funding worth $5 million, led by Special Situations Technology Fund, to help unveil ChromaID, a spectral pattern-matching diagnostics and identification technology.

    The $5 million round provides the company with the financial means necessary to scale manufacturing of F12 ChromaID development kits and also build specialized ChromaID products for the developer community, allowing the making of a new generation of consumer and industrial devices. The company is also a Qualcomm Tricorder XPRIZE entrant, and is currently developing a portable, wireless device that uses its ChromaID technology to monitor and diagnose a wide range of health conditions.

    The company will file its 8K with the terms and conditions as per regulatory guidelines.

    -----

    Follow us on Twitter, 'like' us on Facebook, and join our group on LinkedIn

    Subscribe now to BioOptics World magazine; it's free!

    Continue Reading

    Sponsored Recommendations

    March 31, 2025
    Enhance your remote sensing capabilities with Chroma's precision-engineered optical filters, designed for applications such as environmental monitoring, geospatial mapping, and...
    March 31, 2025
    Designed for compatibility with a wide range of systems, Chroma's UV filters are engineered to feature high transmission, superior out-of-band blocking, steep edge transitions...
    March 31, 2025
    Discover strategies to balance component performance and system design, reducing development time and costs while maximizing efficiency.
    March 31, 2025
    Filter accessories including cubes, sliders, and rings, designed to enhance the performance and versatility of optical systems. These components ensure precise alignment and stability...

    Voice your opinion!

    To join the conversation, and become an exclusive member of Laser Focus World, create an account today!