TRACE Live Network has raised $2.5 million.
The oversubscribed seed round was led by the principles of Salman Partners, with participation coming from various private sources within the Business Instincts Group Network.
The Canadian-born company developed the TRACEr1, a visually intelligent camera capable of following its owner “almost anywhere” and live-streaming captured footage to the web.
The TRACEr1 has been designed to self-operate a series of motorized vehicles, which follow users into action and capture video which can be live-streamed. TRACE calls it an “entirely new product category.”
TRACE is slated to launch officially in January at the 2015 Consumer Electronics Show in Las Vegas.