Deal Announcements

Adura Adds $12 Million Venture Capital Financing

Thursday, February 25, 2010 5:29:00 AM PDT | VentureDeal Staff

San Francisco, California  --  Wireless technology company Adura Technologies has secured $12 million in a new round of institutional venture capital investment.

Adura has applied low-power wireless mesh networking to the lighting controls market for energy efficiency purposes.

NGEN Partners led the round, which also included Claremont Creek Ventures and VantagePoint Venture Partners.  The company said it would use the new investment to fund its expansion initiatives.

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