Mach 1 Development, Inc., an Austin, TX and Ashburn, VA-based provider of products that focus on tracing, locating, and analyzing utilization of cargo, people, and media, closed a $500k angel funding.
Backers remained undisclosed.
Led by Paul Greene, CEO, Mach 1 provides the recently launched DocuTRACER™, a software platform that enables organizations to tag, track, and trace the real-time creation, security classification, movement, genealogy and chain-of-custody of digital documents. Clients include military, government and commercial organizations.
The company intends to use the funds to expand sales channels and to further the development of the products, including expanding the software capability into the energy, medical, and financial services markets as well as using their API to integrate with Microsoft SharePoint, SalesForce.com, DropBox, and other applications.