Tuesday, September 25, 2007

Apprion Raises $12M

Moffett Field-based Apprion announced Tuesday that it has closed on $12M of Series B funding. The round was led by Anvil Investment Associates, and also included Chevron's CTTV Investments. Apprion also said that current investors Advanced Technology Ventures and Allegis Capital also participated. Apprion is developing wireless technology for the process manufacturing industry. The firm said the funding will go towards expanded sales, marketing, and product development efforts. More information »