Massachusetts University participates in a seed round for Weave Visual Analytics, which will use the cash to support a commercial product launch.
US-based data visualisation spinout Weave Visual Analytics (WVA) has obtained $750,000 in seed capital from investors including Massachusetts University.
The round was led by Breton Capital Management and also attracted assorted angel investors.
The company plans to raise additional funding from venture capital firms, though a target size has not yet been announced.
WVA’s technology is based on research conducted at Massachusetts’ Lowell Institute for Visualization and Perception Research. The company operates a data visualisation and analytics platform.
Currently, the platform is available as an open source product, but the seed round will support the launch of a commercial version.
Howard Berke, co-founder, chairman and chief executive of Weave Visual Analytics, said: “We are pleased to have early investors such as the experienced team at Breton Capital, as well as the ongoing support of the Massachusetts University leadership and the spinout team from the Lowell campus.”
