SensorTran, Inc. has announced an $8 million round of venture capital financing. The round was co-led by new investor Advantage Capital Partners and prior investor Expansion Capital Partners, with all existing investors participating, including WHEB Ventures and Stonehenge Capital Company.
SensorTran develops distributed temperature sensing (DTS) solutions that offer real-time, high-resolution, and continuous temperature measurements along optical fibers. The technology is the result of six years of research, development, field experience, and proprietary know-how. SensorTran’s customers include Baker Hughes, Core Lab, Tyco, N-Star, BC Hydro, as well as numerous Fortune 1000 companies.
Kent Kalar, CEO of SensorTran, stated: “SensorTran’s differentiated technology development, and our focus on solving customer problems, have successfully positioned the company to take advantage of rapid growth in a variety of global markets. The past year was SensorTran’s strongest to date, and this additional capital will empower us to continue expanding our product portfolio, our sales reach, and our global service network.”