Software company raises cash

iseemedia inc. has raised just over $1 million from the second and final tranche of its previously announced non-brokered private placement.

The Concord, Ont., software company, which is listed on the Toronto Stock Exchange’s venture board, creates rich content adaptation and delivery solutions for Web and wireless applications.

“This round of financing will enable our business development team to implement our wireless strategic plan and mine our strong opportunity funnel,” said CEO Anthony DeCristofaro.

“Traction continues to build for our real estate solutions. In addition, we are actively working on growing interest in the wireless sector and with our digital camera embedded stitching technology.”

In September it announced that it’s iseephotosvista “in-camera” panoramic photo stitching solution began shipping with Kodak’s latest digital cameras.

The company offers partnerships with operators, resellers and OEMs including Research In Motion, Sun Microsystems and Symbian.

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