Visual intelligence platform TRACE nets $7 mln in Series B funding
TRACE Live Networks, developer of a visually intelligent camera capable of capturing and distributing live-action footage, has raised $7 million in a Series B financing. The round was led by Canadian investment dealer Salman Partners, the principals of which led TRACE's seed funding last December, and Varo Capital. With the latest deal, the company has raised a total of $10 million to date. Created by the Business Instincts Group and led by co-founder and CEO Cameron Chell, TRACE plans to bring its platform products and accessories, including smart camera The TRACEr1, to market in the fall of 2015. The startup has its primary offices in Toronto and Venice, California.
15 July 2015•3 mins read
