Proceeds will be used to produce prototypes of Multispectral’s product for customer evaluations and to support pilot production.Battelle Ventures today announced it has joined the $4.65 million Series B financing of Multispectral Imaging. Parsippany-based Multispectral developed an infrared detector that”s used in night-vision and thermal-imaging systems. Battelle, a $150 million venture fund based in Princeton, did not disclose its share of the financing round. Proceeds of the Series B funding will be used to produce prototypes of Multispectral”s product for customer evaluations and to support pilot production. Multispectral CEO Matt Miller says the company will target infrared-camera manufacturers that sell to such markets as police, firefighters, search and rescue, the automotive industry, security and other organizations that utilize infrared-imaging systems.
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