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(R) 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(R), 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.
