TECHNOLOGY
Me-Ality Announces $15 Million Investment, New Directors
The maker of the Me-Ality body-scanning technology announced the completion of an investment of $15 million in equity that was co-led by its largest institutional investor, Northwater Capital Management Inc.
According to Santa Clara, Calif.–based Unique Solutions Design Ltd., the new funding will help the company boost its overseas expansion and the development of a proprietary handheld body scanner.
Unique Solutions also announced two new directors joining its board. New director Skip Battle is the chairman of the board for business management consultants Fair Isaac Corp. Battle also has worked with many high-profile Silicon Valley companies. He is a director of the companies Netflix, Workday, Expedia and
LinkedIn. He also served on the board of OpenTable before its recent sale. From 2000 to 2004, he served as the chief executive officer of Web search-engine company Ask Jeeves.
Peter Reiling is another new director for the company. Reiling serves as executive vice president for Leadership at the Aspen Institute.
