GroundMetrics Garners $1,200,000 Series A Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fe7ac742-a7c5-418f-a933-d3288a41bd07&Preview=1 - Date
9/25/2012 - Company Name
GroundMetrics - Mailing Address
5764 Pacific Center Blvd San Diego, CA 92121 - Company Description
GroundMetrics, Inc is the world leader in the development of land-based EM sensing and is working with oil, gas, mining, and geothermal companies to commercialize a new class of sensor system and methods and to provide advanced survey and monitoring services worldwide. GroundMetrics, Inc. spun-out of QUASAR Federal Systems (QFS) in 2010 with an exclusive license to productize QFS’s novel electromagnetic sensor technology for resource exploration, management and production. - Website
http://www.groundmetrics.com - Transaction Type
Venture Equity - Transaction Amount
$1,200,000 - Transaction Round
Series A - Proceeds Purposes
GroundMetrics, Inc., a world leader in advanced sensing technologies and noise mitigation methods for geophysical survey applications, today announced that the company leveraged proceeds of a Series A financing to develop prototypes of its unique electric field sensing technology for field system validation tests successfully conducted on a major oil field in the Middle East. - M&A Terms
- Venture Investor
Tech Coast Angels
