Round Led by R42 Group, Good Growth Capital, Tanis Ventures – with Participation from iRobot Founder and Backstage Capital
Bounce Imaging, a leader in advanced imaging for defense and first-response and MIT/Harvard-founded startup company, today announced completion of a Series A Prime round led by R42 Group, a Palo-Alto based technology, and AI fund, with participation from Charleston and Boston-based impact tech fund Good Growth Capital and New York-based Tanis Ventures. Additional investors include Helen Greiner, a pioneer in robotics and founder of iRobot, and Ed Roberts, MIT expert on entrepreneurship, as well as Backstage Capital. The round was over-subscribed to $4.2 million from its initial $3 million target.
Bounce also announced today that it is adding Eric Rosenbach, former Pentagon Chief of Staff and current Co-Director of the Belfer Center at Harvard. Eric is a dedicated public servant and has been a leader in U.S. Department of Defense innovation and cyber-security, serving both Republican and Democratic administrations and Congressional representatives.
Along with this round announcement, Bounce Imaging is also now able to disclose that it is an In-Q-Tel portfolio company. In-Q-Tel is the premier technology investment organization for the federal government and intelligence community.
“Bounce Imaging’s world-class 360° imaging technologies offer our armed forces, as well as law enforcement professionals, an easy-to-use, rugged, and reliable surveillance solution for the most challenging and dangerous environments” said Francisco Aguilar, CEO & Founder of Bounce Imaging. “This investment will allow us to continue to expand our reach within the U.S. military and first responder community, as well as ensure our operations keep pace with growing customer demand.”
Bounce intends to use this capital to advance its exciting work with several elements of the U.S. Department of Defense as well as police, fire-rescue, and other first-responders across the United States and around the world, including Ukraine. It also continues to engage on a previously announced $15 million contract with U.S. Customs and Border Protection to support port inspection and the U.S. supply chain.
Due to continued investor interest, a second tranche on the round remains open.
About Bounce Imaging
Bounce Imaging, founded at Harvard Innovation Labs and MIT, is the technology leader in stabilized, 360-degree cameras for first responders, US military special operators, and law enforcement customers, including elements of the Department of Defense, the FBI, US Marshals, Massachusetts State Police, and over 400 state and local law enforcement and fire departments in the U.S., Canada, and Europe. Bounce Imaging manufactures its cameras in the United States with Lightspeed Manufacturing in Haverhill, MA and was developed in collaboration with its partners at Videology Imaging Solutions in Rhode Island. Since winning MassChallenge, Bounce Imaging has grown to over 20 employees and has raised an $10 million in venture capital. For more information, please visit www.bounceimaging.com.