3D imaging technology company Camero has raised $4 million. The company has reportedly agreed a $5 million deal with the US army for its through-wall vision dissolutions, although it is declining to provide details of this contract.
Including the latest round Camero has raised $24 million from investors who include Jerusalem Global Ventures, Greylock Partners, Alta Berkeley, Motorola Ventures and Walden Israel. The start-ups last fund raising round was two years ago when it raised $14 million.
The company develops and manufactures 3D imaging systems that see through walls for emergency and rescue services, combating terror and the military uses. The system enables users to see in real-time through walls, moving or stationary obstacles. The company launches its first product in 2007.
Camero CEO and one of its founders Aharon Aharon said, "We can report today that the company is doing well. We have successes in the US and we have reached a break-even point.
Camero was founded in 2004 by Aharon and Amir Bari. The company has offices in Israel, the US, UK and Germany.
Published by Globes [online], Israel business news - www.globes-online.com - on August 30, 2009
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