NYC financial commitment agency acquires managing fascination in Reston tech startup
1 min read
Tracker Funds Administration LLC invests in Presage Security
Printed
Sydney Lake
New York Town-based mostly Tracker Cash Administration LLC introduced Monday that one particular of its affiliate marketers has acquired a managing interest in Reston-based mostly tech startup Presage Safety.
Monetary phrases of the transaction were being not disclosed.
Presage works to utilize equipment finding out and superior mathematical processing to movie imagery examination for health and fitness treatment, protection and authenticity verification.
“Tracker Capital’s expenditure and partnership will substantially enrich our capability to supply innovative methods to our consumer base,” Presage founder and CEO Mark Oliver said in a assertion. “Tracker Capital brings considerable expertise in our focus on current market segments and collectively, we will be ready to correctly scale our enterprise to satisfy the developing requirements of our clients.”
Tracker Cash invests in emerging tech providers at several phases in a number of marketplaces.
“With its ground breaking technological know-how and widespread applicability, we think there are considerable alternatives ahead for the company,” Tracker Funds Running Director David Robertson reported in a statement. “We glimpse ahead to operating with Mark and the team to assist Presage accomplish its vision as the industry chief in movie analysis.”
Lowenstein and Sandler LLP served as authorized adviser to Tracker Cash for the transaction.
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