Thursday, March 22, 2007

Serveron Raises $5M

Hillsboro, Oregon-based Serveron, a provider of tools for managing and monitor power grids, said today that it has raised an additional $5M in funding. The funding came from El Dorado Investment Company, Nth Power, Cascadia Pacific Management, Oregon Life Sciences, Perseus 2000 Expansion, Siemens Venture Capital and Ventures West Management. All of the firms are prior investors. Serveron said that the financing will be used for corporate development and increased marketing in the U.S. and internationally. More information »