Screen-sharing technology firm DisplayNote in £1.1m investment boost
BELFAST-based software start-up DisplayNote Technologies has been given another £1.1 million cash injection from the Bank of Ireland Kernel Capital Growth Fund, bringing the investor's total stake in the firm to £2 million.
Founded in 2012, DisplayNote builds technologies that make it easier for people to present, share and collaborate across large-format displays, desktop and mobile devices.
Its screen-sharing technology allows users to collaborate in various settings, from meeting rooms to lecture halls.
The company has already secured multi-million pound contracts with global blue-chip customers including NEC, BENQ and Sahara (which distributes its Montage system).
DisplayNote says it will use the latest Kernel cash for key hires as it builds on its international customer base across the US, Europe and Asia.
"This investment will allow us to bring new products to market, invest further in research and development, and grow our team as we continue to expand our global customer base," chief executive Paul Brown said.
“We recognise the world class innovation within DisplayNote products, enabling people across the globe to collaborate in real-time, simply and effectively,” added Jayne Brady, partner at Kernel Capital.
The Bank of Ireland Kernel Capital Growth Fund was designed to help SMEs in Northern Ireland to accelerate their growth, and is committed to investing in innovative, export-focussed firms.
DisplayNote, which employs more than 30 people at Catalyst Inc, has partnered with some of the world’s largest manufacturers of display technology and its products are now available in 22 languages, distributed globally and have been deployed on three million devices worldwide.