East Anglia University spin-out wins £1M VC backing

Funding round completed

The quoted technology commercialisation company Braveheart Investment Group of Aberdeen, Scotland, co-led a £1 million financing of IM-Sense Ltd, along with fellow investor IQ Capital. A number of high net worth individuals also participated in the round.

Im-Sense was spun out from the University of East Anglia in the UK in January 2006 to develop IM-Vision technology, which enhances digital photographs and videos automatically and instantaneously.

This process removes the need for time-consuming user intervention in post processing photography programmes.

Development of the first product, post-processing software for PCs and printers, is complete. Im-Sense’s long-term goal is that the technology will be embedded in software within devices such as cameras, mobile phones or other displays, enabling picture enhancement to be carried out automatically.

The technology is currently being evaluated by a number of companies including, among others, Kodak, Broadcom and Dolby.

Commenting on the investment, Geoffrey Thomson, Chief Executive of Braveheart, said, “The appeal of this technology to such a large market makes this potentially an exciting investment for Braveheart.”