Trace Live Networks Raises $7 Million to Bring Auto-Follow SmartCamera to Market

Trace Live Networks this morning raised $7 million.

The Series B round brings the Canadian company’s total funding to $10 million.

The round was led by Salman Partners and Varo Capital.

Trace is the developer of The TRACEr1, a visually intelligent “smart camera” capable of following its owner almost anywhere and live-streaming captured footage to the Internet.

“Live-streamed content is the hottest thing in technology right now with the recent introduction of the Periscope and Meerkat Apps and growing live networks like Hang w/,” said cofounder Cameron Chell.

TRACE Live Networks is a venture created by the Business Instincts Group.