DURHAM — SWIR Vision Systems Inc., Durham-based high definition camera manufacturer, has raised an additional $500,000, according to a filing with the Securities and Exchange Commission.
SWIR Vision Systems
The form was filed on March 8.
The money was raised from a combination of debt and equity. Similarly, the company raised $1 million in 2018 in the same way.
Founded in 2018, SWIR Vision Systems is a spin out venture company for RTI International, and specializes in commercial applications of infrared camera technology for the industrial machine vision, security systems, agricultural, automotive global markets.
RTI International launches spinout to commercialize breakthrough camera tech
The company’s main product line are the Acuros high-definition cameras, featuring the company’s CQD technology, which allows for high resolution images at a low cost point. These cameras are made for highly detailed image sensing across several market specializations from explosives detection to high volume plastic sorting and water, moisture monitoring.
In this application, the Acuros camera is used to monitor imperfections in newly forged glass bottles.
The company is headed by George Wildeman, a 25-year veteran of the photonics industry. He brings years of experience growing photonics based technology startups and similar businesses. Most recently, he was the executive mentor-in-residence at the Duke University Office of Licensing and Venturing.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but instead must file a Form D electronically with the SEC when raising funds or securities.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
