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Zebra Imaging, Inc. Lands $10.1 Million in Venture Funding Investment from Sierra Ventures and Others to Drive New Development
AUSTIN, Texas -- May 18, 2004 -- Zebra Imaging, Inc. the leading provider of holographic imaging for industrial and government applications today announced that the company has successfully secured a $10,100,000 round of BB series venture capital funding. The Austin-based company develops digital hologram technology enabling collaborative 3-D viewing in full color without glasses or goggles.
The lead investor in the funding round is Menlo Park-based, Sierra Ventures. Other participants include Seattle-based, Voyager Capital, Stanford University, Nuevo Private Equities, L. P., and Spaulding Investment, L. P. Shareholders in Zebra include Nicholas Negroponte, Founder of the MIT Media Lab, Dupont and Ford Motor Company that is an active participant with Board membership and as a client.
Zebra Imaging develops digital hologram technology enabling collaborative 3-D viewing in full-color without viewing aids, such as glasses or goggles. This unique technology produces images with full-parallax, exhibiting natural perspective change as the viewer moves in any direction. Zebra Imaging's advisors include Admiral Bobby R. Inman, Steve Papermaster, Dr. Vic Rao, a senior executive at Halliburton, Barry Caldwell and Dennis Murphy of Ford Motor Company.
David Schwab, Managing Director of Sierra Ventures said, "What makes a breakthrough technology truly disruptive is when it makes sense to the users. You should not have to wear goggles and glasses to see 3D. This should be a natural process and available to everyone for their business needs. We feel this company has the unique technology which will change the way business is done."
Enrique Godreau III, Managing Director of Voyager Capital whose background includes several years at Xerox PARC said, "Zebra's holographic imaging solution is compelling and well-poised to address the 3-D visualization needs of enormous markets and become a pervasive technology in the process."
"This funding will allow for additional development of the technology and enable our company to develop product packages from the results," said Robin Curle, CEO of Zebra Imaging, Inc. In addition, the funds will help augment the management team, thereby helping to attain the company's goals and improve shareholder value. "Quality people help execute a well-developed plan. Our current employees are an excellent team and we plan on hiring only the best to help us achieve our goals."
About Zebra Imaging
Founded in 1996 by MIT Media Laboratory graduates, Zebra Imaging develops digital hologram technology that provides high-resolution 3D images in monochrome or color without distortions. The images appear to be floating in midair and are so real you might try to touch them - but when you do, you will come up with a handful of air. The holograms are scaleable to any size and resolution, and are displayed by illumination with a single point light-source. Zebra Imaging technology can use any kind of digital data and serve many applications from the iterative design process, simulation and modeling, seismic data visualization, terrain mapping, battlefield planning, medical imagery and others.
Areas of company focus include Department of Defense and Intelligence, Homeland Security, Oil & Gas, and Manufacturing. Current customers include Northrop Grumman, British Aerospace, the Defense Department, Chevron, Halliburton, Cameron, Honda, as well as others. www.zebraimaging.com
About Sierra Ventures
Sierra Ventures, founded in 1982, is a privately held venture capital firm focused on investments across all areas of the Information Technology sector from semiconductors to enterprise software. Sierra Ventures has managed eight venture capital partnerships and currently has more than $1 billion of capital under management. Some of the firm's investments include Combinet (acquired by Cisco), StrataCom (acquired by Cisco), ConvergeNet (acquired by Dell), Quinta (acquired by Seagate), Intuit (INTU), OnLink (acquired by Siebel), Healtheon (merged with WebMD), AmeriGroup (AGP), Micromuse (MUSE), Active Software (acquired by WebMethods), Centex (acquired by WorldCom), and Interact Commerce (acquired by Sage). More information is available at www.sierraventures.com.
About Voyager Capital
Voyager Capital is Seattle's leading information technology venture capital firm, providing entrepreneurs with the resources, experience, and connections to build successful companies. Voyager invests primarily in early stage communications, enterprise software and services, and infrastructure companies. Voyager's investment team brings experience from a variety of senior management, business development, and venture capital roles. Voyager's advisory board members and investors provide important contacts for startups, and are among the most successful information technology executives and investors in Seattle and Silicon Valley. With $265M under management, Voyager's investments include Arkivio, aQuantive, Inc. (NASDAQ: AQNT), CapitalStream, ClearCommerce, Contivo, Tropos Networks, Kadiri, Qsent, RackSaver, SeeCommerce, and Tegic Communications (acquired by AOL). Voyager is headquartered in Seattle with an office on Sand Hill road in Menlo Park, CA. For more info, visit Voyager's web site at www.voyagercap.com or telephone (206) 438-1800.
For additional information contact Robin Curle at Zebra Imaging, 512-251-5100 x 114.
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