RemoteReality Closes Series C Funding Round

Published On December 27, 2011 |

RemoteReality Corporation, a Putnam, Conn.-based developer of ultra-wide-angle camera systems for military, homeland security and commercial customers, recently closed a Series C round of funding.

Backers include Connecticut Innovations (CI), which committed $1m through its Eli Whitney Fund, Chart Venture Partners, Kuwait Holdings and an individual investor.

Led by chairman and CEO Denny McGinn, the company designs optics, software and video camera systems that constantly cover a full 360-degree scene with no moving parts.
RemoteReality’s core business is selling 360-degree cameras to the military, primarily the U.S. Department of Defense (DoD) while non-military markets for its technology include harbor and near-shore surveillance from ships and small boats, advanced video conferencing, perimeter security at non-defense sites, and commercial security applications.

In conjunction with the funding, Dan Wagner, CI director, investments, will join RemoteReality’s board of directors.

The company is currently recruiting engineers (careers@remotereality.com).

FinSMEs

27/12/2011

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