Tribogenics Lands $6,200,000 New Round

  • Feed Type
  • Date
    9/24/2012
  • Company Name
    Tribogenics
  • Mailing Address
    4040 Del Rey Avenue Marina Del Rey, CA 90292
  • Company Description
    Tribogenics patented technology enables portable, compact x-ray solutions for applications in precious metal, mining, military, medical imaging, security and other industries. By miniaturizing X-ray sources and eliminating the need for high voltage.
  • Website
    http://www.tribogenics.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $6,200,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    With this new round of funding, Tribogenics will expedite time to market by hiring additional engineers and scientists as well as expanding the size of its internal R&D facility. The company plans to launch its lineup of small X-ray sources designed for new compact XRF devices in 2013 and is currently identifying key industry partners to co-develop the first commercial products based on this new technology.
  • M&A Terms
  • Venture Investor
    Founders Fund
  • Venture Investor
    Flywheel Ventures
  • Venture Investor
    Undisclosed

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