SpectraSensors raises $14M for natural gas analysis

SpectraSensors, a Rancho Cucamonga, Calif. company that makes sensors to optically analyze natural gas, has raised $14 million in a third round of funding.

The technology is used to test energy levels and other factors that affect the gas’ usage in refineries, for example.

The round was led by by Nomura’s New Energy & Clean Technology Ventures. Chevron’s CTTV Investments also participated, as did existing backers American River Ventures, Blueprint Ventures and Nth Power.

An announcement is here.

The company has now raised $26.4 million

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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.

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