The company, which has developed a patented laser marking system, has received investment from MTI, Hotbed and BASF Venture Capital in series B funding round.
Datalase’s products can be used to prevent counterfeiting by adding markings through use of a laser, which signifies if the goods are genuine.
The company has developed technologies which can be used on a wide range of surfaces, therefore increasing its potential client base.
The technology is of particular interest to companies with strong brands which find their profits being undercut by imitators who copy their labels.
Datalase, based in Widnes, Cheshire, is also developing applications for the food industry and has already expanded into the US.
Steve Kelly, chief executive officer of DataLase, said: “We are extremely pleased to receive this substantial investment.
“The new funds will provide the company with the means to further invest in R&D and expand our current product range, as well as consolidate our commitment to the US market.”
© Crimson Business Ltd. 2007
