Microlight Sensors, a Singapore-based company that designs, develops and assembles fully-integrated optical sensor and scanning systems for specialty applications in the homeland security and commercial spectral instrumentation systems market, has received a follow-on investment of undisclosed amount from Nanostart AG (OTCQX:NASRY).
Nanostart, which made the investment through the Nanostart Singapore Early Stage Venture Fund, is increasing its stake in the company from 19% to 31%, as a second tranche from the round of financing completed back in 2010 (read here).
Microlight Sensors intends to use the funds for commercial expansion, in particular the buildup of marketing and sales structures in Asia, for orders and projects, and development of innovative sensor technologies. Microlight Sensors targets the domestic security market in the Asia-Pacific region.
Founded in 2006, the company develops, manufactures, and sells optical systems, instruments, and components for optical sensor technologies designed to make it possible to capture extremely low-intensity light and radiation near the wavelength range of infrared light. They are deployed for civil security and monitoring purposes, across all illumination conditions of the 24hrs cycle without sensor damage.
FinSMEs
12/09/2011