Sensys Networks, Inc., a Berkeley, CA-based provider of integrated wireless traffic data systems for smart cities, has raised $8.5m in a new round of funding.
The investment was led by Siemens Venture Capital (SVC) with participation from existing shareholders Fuse Capital, Horizon Ventures, Voyager Capital and Gruener Ventures.
The company intends to use the funds to accelerate growth domestically and internationally.
Led by CEO Dr. Amine Haoui, Sensys Networks provides wireless traffic detection and integrated traffic data systems, which are deployed in more than 40 U.S. states and 10 countries.
In conjunction with the funding, Michael Sears of SVC will join the company’s board.
Sensys Networks is currently hiring (read here http://www.sensysnetworks.com/careers)
http://youtu.be/BfCzlg3hArU
FinSMEs
22/09/2011