Intelligent Imaging Systems Receives $7,500,000 Series A Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1f10e61c-2326-416e-accd-f4711f59297a
Date
8/23/2013
Company Name
Intelligent Imaging Systems
Mailing Address
398 Primrose Rd Burlingame, CA 94101
Company Description
Intelligent Imaging Systems Inc. (IIS) and its subsidiary, Drivewyze, are innovative leaders in the transportation technology industry. Founded in 2003, IIS provides award-winning road safety equipment and software services to government agencies across North America. Drivewyze was established in 2010 and launched its first offering, Drivewyze PreClear, in 2012.
Website
http://www.drivewyze.com
Transaction Type
Venture Equity
Transaction Amount
$7,500,000
Transaction Round
Series A
Proceeds Purposes
The funding will be used for product development in addition to sales and marketing expansion.
M&A Terms
Venture Investor
Emergence Capital Partners
Venture Investor
iNovia Capital