Draper Triangle Invests in Pixel Velocity
February 18, 2015—Draper Triangle Ventures is pleased to announce that it has invested in Pixel Velocity Incorporated, an image processing and data analytics company that provides “Intelligent Asset Monitoring” solutions which enable commercial and government customers to better manage physical assets and personnel. Based in Ann Arbor, Michigan, the Company’s products leverage unique multi-camera high-definition analytics and sensor fusion technology to extract and deliver crucial data from ever-increasing volumes of visual information.
Draper Triangle participated in a $10,000,000 financing. The proceeds from the financing will be used to rapidly grow the business
Draper Triangle’s Jonathan Murray commented, “We invested because Pixel Velocity has exciting, proprietary technology that enables customers in markets like the oil and gas industry to improve safety, security, and operational continuity. We are also impressed that the Company was able to attract Matt Van Haaren as CEO. He is an energetic and knowledgeable executive who has previously built a large division within a corporation and now wants to apply his skills to an early stage company.” As part of the financing Mr. Murray joined the Board of Directors of Pixel Velocity.
CEO Matthew Van Haaren commented “We are very pleased to have successfully completed our Series B Preferred financing, which not only brings us the capital needed to pursue our business plan, but has also added valuable new skills and perspectives of Draper Triangle both as an investor and to our Board of Directors. We are excited about the future of Pixel and the opportunities that this new capital has opened up for us.”
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About Pixel Velocity Incorporated
Pixel Velocity® builds imagery and data analytic tools that protect our customer’s safety, security and environment from intentional, accidental and natural threats. Whether maintaining safety or improving operational efficiency, Pixel Velocity’s products enable rapid and informed decision making. From leak, spill and intrusion detection to situational awareness and response, Pixel Velocity provides configurable software solutions and sensor systems for the most demanding operational environments. Through its world class team of subject matter experts and field-proven solutions, Pixel Velocity has an unparalleled understanding of how to empower enterprises to leverage imagery and data to manage risk. Additional information on Pixel Velocity’s full line of products and services can be found at its website,
About Draper Triangle Ventures
Draper Triangle Ventures is a Pittsburgh-based early stage venture capital firm focused on technology investing in the Midwest. With over $200 million under management across three funds, the firm has been one of the most active early stage investors in the Midwest over the past decade. The firm is a member of the DFJ Global Network, a unique venture capital model providing global reach through local presence. It encompasses over 140 venture capital professionals, in more than 30 cities throughout the US, Asia, Europe, Israel, South America, and Russia, with more than 600 portfolio companies funded and over $7 billion of capital under management.