Monday 23rd June 2008

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Windfall keeps IM-Sense in the picture

A digital photograph and video enhancement specialist is to bring its technology to market after closing a seven-figure deal. IM-Sense, which was established in 2006 as a spin-out from the University of East Anglia, has received £1 million from a consortium of investors.

The round was co-led by Braveheart, a technology-focused investor, and venture capitalist IQ Capital. Several private individuals also participated.

IM-Sense’s technology enhances digital photographs and videos automatically. The company will use the funds for working capital to expand its team and to introduce its IM-Vision product to the market.

Braveheart chief executive Geoffrey Thomson says: 'IM-Sense has already shown traction within its intended market and possesses a comprehensive patent portfolio that will allow it to maximise the scope of its technology.'

The board intends IM-Vision to be incorporated into software within cameras and mobile phones to enable picture enhancement to be carried out automatically. The technology is currently being evaluated by Kodak, Broadcom and Dolby.

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