Redlen Technologies, a Canadian company that manufactures semiconductor radiation detectors, has raised C$5.5m ($3.6m) series B funding led by Pangaea Ventures and including In-Q-Tel.
Redlen Technologies is a Canada-based manufacturer of high-resolution Cadmium Zinc Telluride (CZT) semiconductor radiation detectors. Led by Pangaea Ventures, an advanced materials venture capital fund which is sponsored by several corporations, this latest funding round saw US government-backed venture fund In-Q-Tel reinvest in Redlen.
Redlen’s total disclosed funding amounts to C$13.3m ($8.6m). However, in May 2013, In-Q-Tel backed Redlen with an undisclosed sum. Other historical investors in Redlen include the Canadian firms BC Advantage Funds, GrowthWorks Capital and Yaletown Venture…
