The financing was obtained through YFM equity partners and two key employees were appointed to join their management team.
AR solution specialist Ncam Technologies announced that it has received significant funding through YFM Equity Partners to support the development of new products. (Extended reading: UK's top MR technology team Ncam officially signed as an AR/VR quality supplier)
The actual investment figures have not been disclosed, and the financing announcement includes the appointment of two key employees to their management team, the appointment of Mike Grieve as Chief Commercial Officer and ChrisTIna Williams as Marketing Director.
Mike Grieve has over 25 years of experience in the media industry as a CCO position, most recently at RED Digital Cinema where he served as Sales Director for nearly three years. Williams' appointment will help strengthen the company's global brand and communication channels. She has served as senior marketing manager for RED Digital Cinema EMEA and has acquired marketing expertise from companies including G-Technology and GAME.
Nic CEO Nic Hatch said in a statement: "As augmented reality and real-time visual effects continue to grow rapidly, more and more industries are seeing the opportunities they bring. This extra Funding will help us further develop our award-winning technologies and improve the way we bring them to different market segments around the world. The appointment of Mike and ChrisTIna will also help us achieve our growth goals and reach new audiences. We are actively seeking more global talent to join our dynamic team."
Ncam Chief Financial Officer Craig Deacon added: "With the support of YFM, we can quickly implement our growth plans, enabling us to develop our market potential and realize our global ambition to become an augmented reality market leader."
As new products are developed, Ncam Technologies will expand its global team and help expand its business into new vertical markets and new areas, particularly in the US and China, with plans to open new offices later this year.
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