Date: May 21, 2013 Author: Christopher Calnan Source: bizjournals (
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Christopher Calnan
Staff Writer- Austin Business Journal
Camera technology developer InView Technology Corp. raised $25,000 of a planned $2 million funding.
The Austin-based company collected the capital from a lone investor, according to a Wednesday filing with the U.S. Securities and Exchange Commission.
InView, founded in 1999, develops compressive sensing cameras for security and military purposes. The product — which could also be used for drug and food inspection — was developed at Rice University, company officials have said.
In October 2012, the company received $3.4 million of a planned $5.2 million financing from seven investors. Investors have included the investment arm of the Central Intelligence Agency, In-Q-Tel, and New Mexico-based Cottonwood Capital Partners LLC.
In 2011, InView received part of a $1.5 million grant from Texas Emerging Technology Fund following initial fundings in 2010. At the time, the company employed seven workers.
