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Serveron Recharges With $5 Million New Investment

Friday, March 23, 2007 6:30:00 AM PDT | VentureDeal Staff
HILLSBORO, OR -- Electric utility vendor Serveron announced that it has received $5 million in new investment from several investors.

The company designs and markets equipment that helps utlities better monitor the condition and performance of their utility assets, to enhance system reliability and reduce or prevent blackouts.

Investors in the round included El Dorado Ventures, Nth Power, Cascadia Pacific Management, Oregon Life Sciences LLC, Perseus 2000 Expansion LLC, Siemens Venture Capital and Ventures West Management.  Proceeds from the funding will be used for international expansion and corporate development.

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