The company’s images were renowned for their stunning quality due to its high-resolution technology.
The company’s images were renowned for their stunning quality due to its high-resolution technology.
But GigaPan ran out of money late last year, laying off nearly all of its two-dozen employees and essentially shutting down.
Creditors soon came calling – Multnomah County court filings show creditors filed a $274,000 claim against GigaPan and co-founder Henry Hillman Jr. in June, seeking to collect on a loan guaranteed by the company and Hillman, who is the son of a billionaire steel industrialist from Pittsburgh. Filings indicate Hillman had personally guaranteed the loan.
Read more at OregonLive.com.
