Xconomy Boston

RedShift Systems Corp Secures $6,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=09258acc-c046-4e81-937e-7092b40b75bf&Preview=1
Date
2/19/2009
Company Name
RedShift Systems Corp
Mailing Address
41 Second Avenue Burlington, MA 01803
Company Description
RedShift Systems Corp. is a pioneer in enabling low-cost, high-performance thermal imaging solutions for mass-market applications. The RedShift Thermal Light ValveTM technology translates thermal energy into visible images – allowing CMOS sensors to see heat.
Website
http://www.redshiftsystems.com
Transaction Type
Venture Equity
Transaction Amount
$6,000,000
Transaction Round
Series B
Proceeds Purposes
RedShift will use the funding to complete development of its Thermal Light ValveTM -based camera platform, which is designed to be the lowest-cost and easiest-to-integrate thermal imaging solution for OEMs.
M&A Terms
Venture Investor
Emerson
Venture Investor
Undisclosed