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Venture Capital
armyvci.org

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Investments

27

Portfolio Exits

4

About Army Venture Capital Initiative

Army Venture Capital Initiative, a strategic private equity firm funded by the US Army, has a mission to discover, invest in and support companies developing innovative mobile power and energy technology at the intersection of the defense and commercial markets.

Army Venture Capital Initiative Headquarter Location

United States

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Latest Army Venture Capital Initiative News

InVisage picks up $18 mln and expands team with new hires

Apr 22, 2014

April 22, 2014     0 Comments InVisage Technologies has received $18 million in funding. Investors included GGV Capital, Nokia Growth Partners, RockPort Capital, InterWest Partners, Intel Capital and OnPoint Technologies. Also, InVisage has hired Ephraim Kwok as chief financial officer and Emanuele Mandelli as vice president of engineering. Based in Menlo Park, Calif., InVisage is a fabless semiconductor firm. PRESS RELEASE MENLO PARK, CA, Apr 22, 2014 (Marketwired via COMTEX) — As it readies its QuantumFilm(TM) Camera Sensor for launch, InVisage Technologies, Inc. today announced a new round of funding, two new leadership appointments and a first product sampling to select customers. InVisage’s $18 million round of funding brings the total amount that it has raised since its creation to more than $100 million. Investors include GGV Capital, Nokia Growth Partners, RockPort Capital, InterWest Partners, Intel Capital and OnPoint Technologies. The additional funding enables InVisage to scale manufacturing capacity from its initial pilot production line to support high volume customers and further its mission to mass produce fast, thin, high performance cameras in ultra-small form-factors. InVisage’s QuantumFilm(TM) is the camera industry’s most significant development since the invention of CCDs. Initially targeted at smartphones, QuantumFilm(TM) cameras produce, high-quality photos, even in extreme lighting conditions. InVisage has transformed the camera sensor by adding a thin layer of quantum dot film on standard CMOS wafers to produce high performance cameras that can be mass-produced leveraging conventional CMOS processes. InVisage also expanded its leadership team with two new additions: Ephraim Kwok as CFO and Emanuele Mandelli as VP of Engineering. Kwok brings more than 35 years of financial management experience, including over 20 years as a CFO. Between 2005 and 2012, he was the CFO of Alpha and Omega Semiconductor where he successfully completed a private round of financing, an IPO and two strategic acquisitions. During his tenure at Elantec Semiconductor, he successfully completed a follow-on public offering. Mandelli has more than 20 years of image sensor, x-ray detectors and particle physics detectors experience. He began his career at the Lawrence Berkeley National Laboratory where he designed integrated circuits for high energy physics, space and medical instrumentation. He delivered the pixel readout modules for the Atlas CERN inner detector that eventually confirmed the Higgs boson theory. He then joined AltaSens, an early stage venture spun off from Rockwell Scientific later acquired by JVC Kenwood where he designed high end CMOS image sensors for cinematographers, television broadcasters and filmmakers. “I am delighted to welcome Ephraim and Emanuele to the InVisage family,” said InVisage President and CEO Jess Lee. “With the breadth of knowledge and experience they bring, Ephraim and Emanuele further strengthens our base in order to bring QuantumFilm(TM) products to market and ushering in a new era in cameras.” “QuantumFilm(TM) is one of the most exciting camera innovations we have seen in the last decade, as conventional CMOS sensors have hit an innovation wall,” said Bo Ilsoe, Partner, Nokia Growth Partners and InVisage board member. “Jess has built a great team at InVisage and they are now bringing their highly differentiated products to the market.” InVisage also revealed that the first InVisage QuantumFilm(TM) image sensor has begun sampling to selected customers. For more up-to-date information, please visit www.invisage.com/blog . About InVisage Technologies, Inc. InVisage Technologies, Inc. is a venture-backed, fabless semiconductor company based in Menlo Park, Calif. that has developed QuantumFilm(TM), a breakthrough camera technology. Its first product captures high-fidelity, high-resolution images from mobile devices such as camera phones and digital cameras. Founded in 2006, InVisage Technologies is venture funded by GGV Capital, Nokia Growth Partners, RockPort Capital, InterWest Partners, Intel Capital, and OnPoint Technologies. More information is available at www.invisage.com . Related Posts

Army Venture Capital Initiative Investments

27 Investments

Army Venture Capital Initiative has made 27 investments. Their latest investment was in CounterTack as part of their Series B - III on June 6, 2014.

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Army Venture Capital Initiative Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/16/2014

Series B - III

CounterTack

$5M

No

9

4/22/2014

Series E

InVisage Technologies

$18M

No

2

2/25/2014

Series B - II

CounterTack

$3M

Yes

2

2/13/2013

Series D

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$99M

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10

6/25/2012

Series E - II

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$99M

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10

Date

6/16/2014

4/22/2014

2/25/2014

2/13/2013

6/25/2012

Round

Series B - III

Series E

Series B - II

Series D

Series E - II

Company

CounterTack

InVisage Technologies

CounterTack

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Amount

$5M

$18M

$3M

$99M

$99M

New?

No

No

Yes

Subscribe to see more

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Co-Investors

Sources

9

2

2

10

10

Army Venture Capital Initiative Portfolio Exits

4 Portfolio Exits

Army Venture Capital Initiative has 4 portfolio exits. Their latest portfolio exit was UltraCell on February 22, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/22/2021

Acquired

$99M

1

11/9/2017

Acquired

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$99M

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10

11/17/2016

Acquired

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$99M

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10

11/14/2016

Asset Sale

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$99M

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10

Date

2/22/2021

11/9/2017

11/17/2016

11/14/2016

Exit

Acquired

Acquired

Acquired

Asset Sale

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

Army Venture Capital Initiative Team

2 Team Members

Army Venture Capital Initiative has 2 team members, including current Managing Director, Jason Rottenberg.

Name

Work History

Title

Status

Jason Rottenberg

Microsoft, and Arthur Andersen

Managing Director

Current

Paul Tatro

Chief Operating Officer

Former

Name

Jason Rottenberg

Paul Tatro

Work History

Microsoft, and Arthur Andersen

Title

Managing Director

Chief Operating Officer

Status

Current

Former

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