LumaSense raises more than $50M for rollup in sensor instrument sector
LumaSense Technologies, a Santa Clara, Calif. company that provides sensor instruments, has raised somewhere between $50 million and $100 million in equity and debt financing to continue its strategy of acquiring other sensor instrument companies.
This comes after buying a company, Andros, that sells instruments to the clean-tech industry — allowing LumaSense to spruce up its marketing, for example saying on its home page it serves the clean-tech industry, which is buoyant right now, and in favor.
The new investment came from Oak Investment Partners, Draper Fisher Jurvetson’s Element Venture Partners and Comerica Bank’s Technology and Life Sciences Division, according to VentureWire (sub required), citing comments from chief executive Vivek Joshi.
It has already made several purchases, including of Mikron Infrared in February and of Richmond, Calif.’s Andros just last week.
LumaSense said it is profitable, with revenue of between $50 million and $100 million annually.
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About the Author, Matt Marshall
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.












