Endeavour Capital has invested $1 million in Khipu Systems, a company spun out of WaikatoLink.
Khipu provides software for high-speed analysis of data generated by the testing and automated process control markets. The data is used for regulatory compliance, quality control, process control, traceability, and efficiency purposes.
WaikatoLink’s chief executive Mark Stuart says the investment will allow Khipu to "secure a world class CEO and development team", convert sales, secure development sites and strategic partnerships, and complete product development.
Funds will also be used for IP protection.
Khipu’s software leverages expertise from the machine learning team from the University of Waikato and from Hamilton-based Hill Laboratories,
This investment is the seventh Endeavour Capital has made in a WaikatoLink spinout.
Earlier this month it announced investments in four pre-seed biotech technologies. Earlier investments included software developer Ectus, in 2004, and biotech company ZyGEM.