SpectraSensors secures $6m in new funding


SpectraSensors, Inc., a leading supplier of optical sensors for industrial and environmental gas sensing applications, has raised in excess of $6m in new financing from both current and new investors.

The development ensures that the company is able to oprate from a ‘solid financial position’ and therefore, continue to expand both its product offering and its overseas activities.

Investors participating include Blueprint Ventures, Nth Power, American River Ventures, Nomura Private Equity Investment, and Chevron Technology Venture Investments.

George Balogh, CEO of SpectraSensors, stated positively, $quot;This investment, along with operating changes implemented earlier in the year, provides us with a solid financial position while continuing our expansion into overseas markets, strengthening our customer support activities and product offerings worldwide.$quot;

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...