SCRA Technology Ventures Announces Investment
SC Launch Board Finalizes Investments for Two Columbia Companies
Summerville, SC - SCRA Technology Ventures' SC Launch Board recently finalized investments for two South Carolina companies. Pandoodle and TerraStride, both based in Columbia, S.C. received board approvals in March 2015.
Pandoodle is a company that specializes in monetizing online videos and images. The company's patented technologies and production systems automatically analyze the images or videos on an online site (mobile or desktop) and then automatically customize in-image/video content and advertising connected to what the viewer is looking at in the moment. This is the third tranche of investment for the company which has been in the SC Launch program since October 2011.
TerraStride, an SC Launch company since June 2014, designs and produces map-based software for high-value niche markets. The company currently has two distinct product lines: TerraStride Pro, a land brokerage software, and HuntStand, a next generation hunting and land management software package. The SC Launch investment will be used for new hires. Most of the new hires will be high-paid, technical development professionals.
"We are delighted to support these companies that are bringing innovation and high-tech jobs to South Carolina," said SCRA CEO Bill Mahoney. "We congratulate these companies for reaching this milestone in their development, and look forward to the future achievements and outcomes they will have in South Carolina."
About SCRA Technology Ventures
SCRA Technology Ventures enables research commercialization and promotes the development of high tech industries, enhancing South Carolina's technology-based economy. Through its flagship SC Launch program, this SCRA business sector makes investments in and offers support services to South Carolina's early stage, start-up technology companies.
Multiple economic impact studies show SCRA's cumulative output on South Carolina's economy to be over $18.1 billion, and that the company has helped create approximately 15,000 technology-related jobs in the state, with annual wages averaging between $55,000 and $79,000.