Tribogenics Lands $6,200,000 New Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c6a2d038-7e96-428c-96f6-80a0496abca4&Preview=1 -
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
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Venture Investor
Founders Fund -
Venture Investor
Flywheel Ventures -
Venture Investor
Undisclosed
