An affiliate of Tracker Capital Management, LLC, a stage-agnostic venture capital investor that principally invests in emerging technologies, acquired controlling interest in Presage Security, a Reston, Virginia-based technology company applying machine learning and advanced mathematical processing to the analysis of video imagery.
The amount of the deal was not disclosed.
Led by Mark Oliver, Founder and Chief Executive Officer, Presage is a recently established technology company which applies machine learning and advanced mathematical processing to the analysis of video imagery, with a wide range of emerging applications in healthcare, security, and authenticity verification.
Founded by Stephen Feinberg, Co-Founder and Co-Chief Executive Officer of Cerberus Capital Management, L.P., as a separate and independent investment vehicle focused on early-stage investments, and led by David Robertson, Managing Director, Tracker Capital is a venture-focused investor based in New York, that aims to invest in emerging technologies and companies across various end markets and stages of growth. In addition to investing resources to fund development, Tracker Capital’s venture-oriented platform provides guidance and operational support to entrepreneurs to help transform their ideas, concepts, technologies, and businesses into proven, sustainable organizations.