February 6, 2015 | By admin |
Sight Machine Inc., a San Francisco-based company that uses cloud-based technology to monitor quality control on the factory floor, has closed on a venture-capital round of $5 million to ramp up its operations in Michigan.
The round was led by the Houston-based Mercury Fund, which opened an Ann Arbor office in October, and joined by Ann Arbor-based Michigan eLab, Ann Arbor-based Huron River Ventures, Bloomfield Hills-based Orfin Ventures, New York-based IA Ventures, San Francisco-based O’Reilly AlphaTech Venturesand FundersClub, a San Francisco-based angel investors network. Orfin, IA Ventures and O’Reilly also invested in the company’s seed-stage round of $6 million in 2013.
Sight Machine was founded in Ann Arbor in 2011 by five Michigan natives. One of them, Jon Sobel, a University of Michigan law school graduate, is the CEO. He and a development staff of 10 are based in San Francisco.