fayteq AG receives growth finance from bm|t and an angel investor consortium led by Dr. Cornelius Boersch - bm|t

▤ Summary

On August 6, 2015, fayteq AG obtained a cap­i­tal increase to finance fur­ther growth and inter­na­tion­al­iza­tion. “fayteq’s suc­cess­ful path – from a spin-off of the Tech­ni­cal Uni­ver­sity of Ilme­nau to an inter­na­tion­ally rec­og­nized tech­nol­ogy provider with a highly inter­est­ing patent and cus­tomer port­fo­lio – has con­vinced us to scale up our finan­cial com­mit­ment,” added Stephan Beier, Invest­ment Man­ager at the Erfurt-based bm|t, which has been invested in the com­pany since 2013. fayteq’s Dimin­ished Real­ity tech­nol­ogy enables the smooth removal of objects from video streams. With fayteq tech­nol­ogy, mis­takes that are appar­ent in video, such as vis­i­ble micro­phones, can be removed; desired objects, such as logos on foot­ball jer­seys, can be inte­grated. In 1999, he achieved a suc­cess­ful IPO of ACG AG on the Frank­furt Stock Exchange.

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