Monday, December 15, 2008

SensorTran Raises $3.5M

Austin-based SensorTran, a developer of temperature sensing products, said this morning that it has raised $3.5M in a venture capital financing. The round came from Advantage Capital Partners, Expansion Capital Partners, WHEB ventures, and Stonehenge Capital Company--all existing investors in the firm. SensorTran said the funding will go towards working capital, and to accelerate the growth of its products. SensorTran's temperature monitoring products are used to provide sensing along optical fibers, and are being applied to the oil and gas market for monitoring oil wells, pileines, LNG tanks, and power cables. More information »