Deal Announcements

Synchrony Seals $10 Million New Funding

Monday, December 03, 2007 5:40:00 AM PDT | VentureDeal Staff

ROANOKE, VA -- Defense power and bearing company Synchrony, Inc. said that it has raised $10 million in second round financing from its existing investment group.

Synchrony provides high performance bearings, generators and embedded controls & power electronics to military and security related original equipment manufacturers in the aerospace, defense and industrial sectors.

Investors included Third Security, LLC and NewVa Capital Partners.  The company said it would use the proceeds to upgrade its operations and manufacturing capacity.

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