Alitheon, a machine vision software company, has announced the close of USD 14.9 million in venture capital financing to expand its FeaturePrint technology across the defense, aerospace, aviation services, automotive, semiconductor, luxury goods, additive manufacturing, pharmaceutical and government sectors, the company said.
Participants in the round include BMW i Ventures, IPD Capital and Shasta Ventures alongside current and former senior management from Accenture, Boeing and Fidelity.
Alitheon´s FeaturePrint technology transforms how objects, components and finished products are authenticated, tracked and traced across supply chains and distribution systems throughout the world. Once registered by Alitheon´s optical artificial intelligence system, any individual item can be subsequently identified wherever it exists to verify authenticity, determine place and time of origin, detect signs of tampering, measure wear and identify grey market and counterfeit products including unauthorized over runs and previously rejected products. Unauthorized and counterfeit items cost legitimate manufacturers more than a trillion dollars and claim as many as a million lives a year.
Alitheon is a Bellevue, Washington-based leader in advanced machine vision and artificial intelligence and creator of FeaturePrint, a patented system that connects the physical and digital worlds via a secure and immutable link.