Mach 1 Development, Inc., an Austin, Texas-based provider of Identity Management Systems expertise, smartcard design, encrypted communications, e-ID implementation, RFID design, Logistics Integrity and border control systems expertise, closed a $1m funding.
The funds were raised from an unnamed individual that invests in the digital security software industry. The investment follows a $500k angel financing the company had raised in February 2013 (read here).
Mach 1 Development intends to use the funds to expand the capabilities of its solution as well as to expand its sales and marketing efforts.
Led by Paul Greene, CEO, the company provides DocuTRACER®, a policy-driven solution that enables commercial and government customers to tag, track, and trace the real-time creation, movement, genealogy and chain-of-custody of digital documents.
Mach 1 has also completed the development of inmateID™, a RFID-based system that provides corrections facilities with real-time monitoring and tracking of inmate movement, gang interactions, and the spread of communicable diseases within prisons.
FinSMEs
17/10/2013