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Less than 6 months after announcing the opening of its next investment fund, Cottonwood Technology Fund III has revealed its fourth impact investment. This time the infusion of cash is going to Enschede’s medical chip expert Sencure and will be used, along with an additional 500k from co-investor Lumana Invest, to file patent applications to protect the company’s unique IP, as well as to accelerate the global rollout of its products, including its biometric sensing chip.
Credit: Sencure
Sencure’s biometric sensing chip is the result of five years’ effort in designing electronic systems and signal processing algorithms for electrophysiological diagnostic and monitoring systems to deliver medical-grade accuracy. It’s set to significantly outperform medical chips from current manufacturers in terms of both price and quality. Competitive advantages include ultra-low power consumption and smaller size, aimed at wide-scale market adoption. With the biometric sensing chip
BayoTech partners with Canadian company to market consumer solution for hydrogen to power fleet vehicles bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
BayoTech Secures Private Equity to Expand Hydrogen Production Offerings
Albuquerque-based BayoTech Inc., an on-site hydrogen production company, said it has secured a $157 million investment from private equity firm Newlight Partners LP.
Other investors including Cottonwood Technology Funds, Sun Mountain Capital and Fortistar also are backing growth, according to BayTech, to increase project development and expand infrastructure.
“Advances in fuel cell technology are driving demand for hydrogen in emerging applications, including in the materials handling, mobility and power sectors, where demand tends to be more distributed,” Newlight partner Mark Longstreth said.
“BayoTech’s innovative approach to on-site hydrogen generation ensures that these end-users, who are not well served by the incumbent industrial gas players, are able to get on-demand hydrogen at a competitive price.”
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Fortistar, a privately-owned investment firm that provides capital to build, grow and manage companies that address complex sustainability challenges, announced today it joined an equity investment of up to $157 million in BayoTech, Inc., an emerging global leader in on-site hydrogen production, which was led by Newlight Partners LP. The financing round includes existing investors Cottonwood Technology Funds and the New Mexico State Investment Council under a fund managed by Sun Mountain Capital. The funds will be used to accelerate BayoTech’s strategic growth through product development, project development and infrastructure expansion.
BayoTech is an energy solutions company committed to addressing the global need for a consistent, cost-effective, low carbon supply of hydrogen. Hydrogen possesses many attributes that will drive long‐term demand as a fuel source, including its role in global decarboni