RedShift Systems secures $6M funding for thermal imaging
FEBRUARY 19, 2009--RedShift Systems Corp., a supplier of next-generation thermal imaging technology, has closed a second round of venture capital funding.
FEBRUARY 19, 2009-- Redshift Systems Corp. (Burlington, MA, USA; www.redshift.com), a supplier of next-generation thermal imaging technology, has closed a second round of venture capital funding. The $6 million round was led by diversified global manufacturing and technology company Emerson, a new investor, and also included existing investors.
RedShift will use the funding to complete development of its Thermal Light Valve-based camera platform, which is designed as a low-cost and easy-to-integrate thermal imaging solution for OEMs. Thermal imaging is a critical technology for enabling a range of emerging energy-efficiency products such as intelligent HVAC, energy auditing in buildings, adaptive data center cooling, and network power management.
"We are thrilled that Emerson has decided to back RedShift," says Matthias Wagner, chairman and co-founder of RedShift. "There is a tremendous fit between our technology and Emerson's businesses and I expect this investment will be the start of a very productive relationship."