Solmetric, solar test and measurement company, raises $250,000
Solmetric, a manufacturer of solar test and measurement equipment, has raised $250,000 in a round of angel financing, VentureWire reports today (sub required).
The company, based in Bolinas, Calif., just north of San Francisco, was founded by Willard MacDonald, a former senior design engineer at Agilent Technologies, in late 2005. It aims to make the installation process more efficient.
From the piece:
The company sells its sensing and light metering product for around $1355, MacDonald said. Currently, the company has approximately 200 customers, mainly in California, he said, but MacDonald expects that number to increase. There are roughly 2,000 solar installers in the U.S., he said, and all of them are potential customers.
The company’s Web site says MacDonald holds 7 patents for new technologies in the test and measurement field.
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Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
