Arisdyne Systems raises $5.3M for alternative fuel technology
Arisdyne Systems, a Cleveland, Ohio-based manufacturer of alternative fuel technologies, has secured $5.3 million in first round funding. The proceeds will allow the firm to be independently spun off from Five Star Technologies, its parent company.
No investors were disclosed in the deal; previous investors include CTTV Investments, Early Stage Partners, Industrial Technology Ventures, Morgenthaler Ventures and Reservoir Venture Partners.
Arisdyne harnesses the power of hydrodynamic cavitation, a process in which vapor cavities (bubbles) form in a… Continue Reading