LumaSense raises more than $50M for rollup in sensor instrument sector
LumaSense Technologies, a Santa Clara, Calif. company that provides sensor instruments, has raised somewhere between $50 million and $100 million in equity and debt financing to continue its strategy of acquiring other sensor instrument companies.
This comes after buying a company, Andros, that sells instruments to the clean-tech industry — allowing LumaSense to spruce up its marketing, for example saying on its home page it serves the clean-tech industry, which is buoyant right now, and in favor.
The new investment came from Oak Investment Partners, Draper Fisher Jurvetson’s Element Venture Partners and Comerica Bank’s Technology and Life Sciences Division, according to VentureWire (sub required), citing comments from chief executive Vivek Joshi.
It has already made several purchases, including of Mikron Infrared in February and of Richmond, Calif.’s Andros just last week.
LumaSense said it is profitable, with revenue of between $50 million and $100 million annually.
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