Monday, December 20, 2010

Xenon Arc Lands $15M

Bellevue-based Xenon Arc said this morning that it has raised $15M in a funding round. According to the firm, the round came from private equity firm Weston Presidio. Stealthy Xeon Arc said it is working on technology to enable "business process solutions for industrial producers." As part of the funding, Sean Honey, Josh McDowell, and David Ferguson of Weston Presidio join the firm's board of directors. Xenon Arc's founding team is Chad Steigers, Adeline Honnas, Edward Lux, and Chris Jardine. More information »