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Excelitas Technologies Corp. - X-Cite Vitae LB 11/24

Visualant Closes $5M Funding Round

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SEATTLE, June 14, 2013 — Light-based identification and diagnostics solutions provider Visualant Inc. has completed a funding round in excess of $5 million led by Special Situations Technology Funds of New York. Founder and CEO Ron Erickson said that, with this funding, Visualant has strengthened its balance sheet, completed the purchase of its TransTech subsidiary and obtained working capital to support the commercialization of its ChromaID technology, which collects light patterns using a panel of LEDs to authenticate and diagnose substances. The funds also will be used to scale manufacturing of its...Read full article

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    Published: June 2013
    AmericasBiophotonicsBusinessChromaIDChromaID F12 scannerdefenseImagingindustrialLight SourcesQualcomm Tricorder X PrizeRon EricksonSpecial Situations Technology FundsVisualant Inc.WashingtonLEDs

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