Chart Venture Partners
NoblePeak Vision Raises $12.0 Million in Series B Financing
Press Release 03/05/2008
NoblePeak
Wakefield, MA – March 5th, 2008 –NoblePeak Vision Corp. (www.noblepeak.com), whose technology is transforming the night vision market,
today announced that it has raised $12.0 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.”
About Chart Venture Partners
Chart Venture Partners is a venture capital fund focused on investments in
breakthrough defense and security technologies that have dual use application
in large-scale commercial markets. For more information on Chart, visit
http://www.chartventure.com.
About NoblePeak Vision Corporation:
NoblePeak Vision (www.noblepeak.com) 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. Founded in 2002,
NoblePeak Vision is a private company headquartered in Wakefield,
Massachusetts.
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