Senscient, Inc. has won significant investment in the global deployment of multi-gas detection systems. The latest additional funds accompany an already strong financial foundation.
The technology that has won significant attention and indeed funds, detects combustible and toxic gases and promises to increase the level of safety at industrial sites. Lime Rock Partners, a global energy-focused private equity firm, led the Series C investment round and was joined by existing investors Emerald Technology Ventures and Yellowstone Energy Ventures.
Senscient’s patented Enhanced Laser Diode Spectroscopy (ELDS TM) is the first multi-gas Open Path Gas Detection system capable of detecting both combustible and toxic gases, simultaneously and independently, with sensitivity, minimal maintenance, and false alarm free operation.
Rajat Barua, Vice President of Lime Rock Partners explained the investment rationale, he said, “Senscient offers a very compelling value proposition to its customers. ELDS systems are fast, reliable, sensitive, simple to install and result in significant savings in total cost of operation.”
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