Tagged: imaging analysis

$23.35 million raised so far by Satellogic (Nettar Group) via private placement

XDATA – June 26th 2017
Satellogic disclosed selling 70% of its $33.35 million non-brokered equity offering to twenty-six investors. The sale started almost two weeks ago according to the document filed at the SEC. Based on the offering’s structure, the company has until June 2018 to raise an extra $10 million. It appears to be the first time the company is filling a security offering under a registration exemption.
The company is registered in a foreign jurisdiction indicating the amount offered reported may only represent the portion of the placement earmarked by the company for US investors.
Satellogic develops smart data solutions, which offer affordable, high-resolution geo-intelligence, with the capability to capture planetary images of one meter resolution. Its data products can be applied in a number of fields including agriculture, pipeline monitoring, critical infrastructure monitoring, business intelligence and disaster response. The company launched sixth micro-satellite aboard a Long March-4B rocket that took off from Jiuquan Satellite Launch Center in China. Investors include Tencent Holdings.
The company, headquartered in Road Town, Tortola Virgin Islands British, is led by Emiliano Kargieman (CEO). Satellogic elected to keep its revenues undisclosed.
The board of directors includes Fernando De Castro Reinarch, Gerardo Gabriel Richarte and Theodore Glass Wang.

Satellogic is registered under the name Nettar Group.

Offering recap
Status: First close
Company: Satellogic
Industry: Other Technology
Amount offered: $33.35 million
Amount placed: $23.35 million
SEC filing: Source
First sale: 06-13-2017
Data as of: 06-26-2017
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$1 million fundraising launched by Precision Image Analysis

precision image analysisPrecision Image Analysis disclosed in an SEC filing, launching a $1 million non-brokered equity financing round. The placement is structured to close in April 2015 should the fundraising target not be reached. The company didn’t report selling securities thus far. Until this disclosure Precision Image Analysis had raised an estimated $600,000 in unregistered securities via one previous financing round.

The company developed and markets a cloud-based medical images post processing solution for doctors. It allows doctors to load, via a HIPAA (Health Insurance Portability and Accountability Act) compliant system, medical images used in diagnostic medical studies, including computed tomography (CT) and magnetic resonance imaging (MRI). The company’s trained analysts then review and deliver a comprehensive summary report and images with a standard turn around time within 24 hours, or less as needed.

Mary-Pierre Waiss (CEO and President) leads the Kirkland WA based company which was registered in 2012. Precision Image Analysis elected to keep its revenues undisclosed.
The board of directors includes Caitlin Cameron, James Canfield, Keith Marton and Scott Flamm.

Offering recap
Status: Launched
Company: Precision Image Analysis
Industry: Other Health Care
Amount offered: $1 million
Data as of: 04-23-2014