RedShift Systems Corp., a Burlington, Massachusetts, USA-based developer of infrared tunable filter technology, closed a $3m Series B venture capital funding.
The round was led by Technology Venture Partners, LLC, with participation from other investors.
The company intends to use the capital to increase adoption of its filters and lasers for both existing and emerging infrared spectroscopy markets.
Led by Chip Marshall, Chief Executive Officer, and Eugene Ma, Ph.D, Chief Technology Officer and Co-Founder, RedShift Systems leverages its core technology to provide micro-optical tunable infrared filters, solid state devices with no moving parts, which enable compact tunable components and systems. The company is now entering the molecular spectroscopy market with a family of tunable infrared lasers that offer improvements in performance over conventional FTIR based solutions.
In conjunction with the financing, Donald E. Bossi, Chief Operating Officer of CiDRA Corporation and William J. Cadogan, Chairman of Mutual Capital Partners, will join Bryson D. Hollimon, Managing General Partner of Technology Venture Partners, on the company’s Board of Directors.