Viken Detection Corp., a leading provider of security imaging and material identification solutions based in Boston, Massachusetts, has received a $20 million venture loan facility from Horizon Technology Finance Corporation (NASDAQ: HRZN). Initially, $10 million of the loan has been funded to support Viken’s general growth and working capital needs.
The loan proceeds will enable Viken Detection to continue its mission of enhancing global security through the development of cutting-edge solutions. Under the leadership of CEO Jim Ryan, Viken has been at the forefront of innovation in X-ray and detection technologies. Its range of products is widely used by law enforcement agencies for security, public safety, and counterintelligence purposes.
The flagship offerings from Viken, including the handheld imager NIGHTHAWK-BTX™ and the full-vehicle scanner OSPREY-UVX™, play a vital role in scanning vehicle traffic at critical checkpoints, including the U.S.-Mexico border. These solutions have proven instrumental in enhancing security measures and ensuring the safety of communities. Recently, Viken launched its latest product, FOXHOUND-HNA™, which empowers law enforcement personnel to detect trace elements of contraband directly in the field, further strengthening their ability to combat illicit activities.
With the support of Horizon Technology Finance, Viken Detection is poised to accelerate its research and development efforts, driving innovation in the field of security imaging and material identification. The company remains committed to advancing global security by delivering state-of-the-art solutions that meet the evolving needs of law enforcement agencies worldwide.