Mach 1 Development Closes $1M Funding
Summary
Mach 1 Development, Inc., an Austin, Texas-based provider of Identity Management Systems expertise, smartcard design, encrypted communications, e-ID implementation, RFID design, Logistics Integrity and border control systems expertise, closed a $1m funding.The funds were raised from an unnamed individual that invests in the digital security software industry.The investment follows a $500k angel financing the company had raised in February 2013 (read here).Led by Paul Greene, CEO, the company provides DocuTRACER®, a policy-driven solution that enables commercial and government customers to tag, track, and trace the real-time creation, movement, genealogy and chain-of-custody of digital documents.Mach 1 has also completed the development of inmateID™, a RFID-based system that provides corrections facilities with real-time monitoring and tracking of inmate movement, gang interactions, and the spread of communicable diseases within prisons.