Sentrinsic is pleased to announce it has received a $100,000 Georgia Research Alliance (GRA) Phase II grant, building upon previous investments by the GRA. This secondary round of funding will help Sentrinsic continue the commercialization process initiated with Phase I funding in 2005.
Unlike Phase I GRA investments, Phase II funding requires equal financial participation from the company. Sentrinsic raised the required matching funds from Angel investors with experience in sensor technology, intellectual property management, and entrepreneurship.
“We appreciate the continued support from the Georgia Research Alliance. We are excited to have the capital we need to take the technology to the next level and begin getting it into the marketplace†said Dave Beck, Chief Operating Officer.
A model public-private partnership between Georgia universities, business and state government, the Georgia Research Alliance helps build Georgia's technology-rich economy through by converting research into products, services and jobs that drive the economy.
Sentrinsic will use funds from the award for product development, and marketing and sales efforts to help grow the company, as well as to reach new customers and distribution partners.
About the GRA grant program
For more information , visit www.gra.org
About Sentrinsic
Sentrinsic designs, manufactures, and sells position sensors to actuator manufacturers for use in industrial automation, robotics, and aerospace applications. The company's proprietary Intrinsic Sensing technology turns customers' moving parts directly into high performance sensing components. The resulting Intrinsic Sensing products allow manufacturers to increase sales of existing product lines and sell to new markets while simultaneously improving their margins. For these customers, Sentrinsic significantly reduces the time, money, and risks associated with bringing these high tech products to market.
Founded in 2004 to develop technology innovated in the Georgia Tech's Intelligent Machine Dynamics Laboratory, Sentrinsic is a member of the Georgia Tech VentureLab business incubator.
For more information, call 678.681.1510, email salesinfo@sentrinsic.com, or visit www.sentrinsic.com.