CiDRA Corporation Garners $8,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aa06700c-4ff1-43a4-aebd-37e93a79e3b7&Preview=1
Date
5/21/2009
Company Name
CiDRA Corporation
Mailing Address
50 Barnes Park North Wallingford, CT 06492
Company Description
Founded in 1996, CiDRA is the first company to combine industrial and optical skills to deliver real time process monitoring to multiple industries.
Website
http://www.cidra.com
Transaction Type
Venture Equity
Transaction Amount
$8,000,000
Transaction Round
Undisclosed
Proceeds Purposes
This financing will be used to aggressively develop various service offerings related to flow management and assurance, velocity profiling, and overall plant monitoring and process optimization in minerals processing, oilsands, power generation, and pulp and paper applications.
M&A Terms
Venture Investor
Undisclosed