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Pyreos Secures £1.7M in Funding

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EDINBURGH, Scotland, Jan. 26, 2018 — Sensor developer Pyreos has secured £1.7 million ($2.4 million) in funding from a syndicate of new investors and existing shareholders. The funds will be used for further commercial expansion, building on Pyreos’ recent sales growth, the start of field trials and mass-production by several customers. The syndicate was led by Perscitus Advisers Ltd. This latest investment brings the amount of funds raised by the company since 2015 to almost £7 million ($9.8 million). Existing shareholders include Seraphim Capital, London Business Angels, Robert Bosch Venture...Read full article

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    Published: January 2018
    BusinessPyreosfundingSensors & DetectorsPersicitus Advisersthin-filmLight SourcesEurope

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