Three years ago Innovation Pipepline recognized a small security company called SafeView, which developed a new airport screening machine that can detect nonmetallic materials–including weapons and explosives–made from plastics and ceramics. Recently L-3 Communications recognized SafeView too, purchasing the startup. Terms of the deal were not disclosed but SafeView had raised more than $25 million from VCs like Paladin Capital Group. Paladin, as alert readers may know, is a venture fund created after 9-11 to invest in deals related homeland security. SafeView, whose flagship product is the 3-D Body Holo Scanner, is the first company in Paladin’s portfolio to be sold.
SafeView Secures Buyer
March 27th, 2006 · No Comments
Tags: Defense & Security