Herndon, Va. – The Herndon-based Center for Innovative Technology (CIT) said on Wednesday it has invested $100,000 in McLean-based VanGogh Imaging, a developer of software that lets mobile devices scan real-world objects and scenes in order to render 3D models.
VanGogh’s products are used in many industries, including entertainment and gaming, where they are used in creating avatars, virtual objects, augmented reality, full-body scanning and other processes.
The investment was made through CIT’s GAP Funds, which make seed-stage equity investments in Virginia-based technology and life sciences companies.
“With our investment, VanGogh plans to further develop their sophisticated software and expand their workforce within the Commonwealth,” said Tom Weithman, vice president of CIT and managing director of the GAP Funds. Since its 2005 launch, CIT GAP Funds has made more than 60 investments across Virginia.
This article was also published in Potomac Tech Wire.
VanGogh Imaging – company site
CIT GAP Funds – official site
VanGogh – press release