Alitheon, a Bellevue, Wash.-based machine vision software company, closed a $14.9m venture capital financing.
Backers included BMW i Ventures, IPD Capital and Shasta Ventures alongside current and former senior management from Accenture, Boeing and Fidelity.
The company intends to use the funds to expand its FeaturePrint™ technology across the defense, aerospace, aviation services, automotive, semiconductor, luxury goods, additive manufacturing, pharmaceutical and government sectors.
Led by Scot E. Land, CEO and Co-Founder, Alitheon is a leader in advanced machine vision and artificial intelligence and creator of FeaturePrint™, a patented system that connects the physical and digital worlds via a secure and immutable link. The technology enables the authentication, the tracking and the tracing of objects, components and finished products across supply chains and distribution systems throughout the world. Once registered by Alitheon’s optical artificial intelligence system, any individual item can be subsequently identified wherever it exists to verify authenticity, determine place and time of origin, detect signs of tampering, measure wear and identify grey market and counterfeit products including unauthorized “over runs” and previously rejected products.