$10 million investment in InforSense expansion
25 October 2006Tweet
InforSense has received an investment of $10m, led by two of its largest investors, Fleming Family & Partners (FF&P) and Imperial Innovations.
InforSense, which provides real-time analytics for businesses, is to use the investment to expand its global footprint, develop new products and additional application initiatives, while expanding into new markets. It currently has headquarters in London, UK and Cambridge, Massachusetts.
'We are pleased to have completed this round of strategic fund-raising and are grateful to FF&P, Imperial Innovations, Elaia Partners, Sitka Health Fund VCT Plc and all our other shareholders for their continued support,' said Professor Yike Guo, founder and chief executive officer of InforSense. 'With these funds, we are well positioned to increase our growth rate and capitalise on the current success of our business.'