July 30, 2010 in News from Our Companies

Sentrinsic Raises $500k From GRA Venture Fund

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Georgia Tech spinout and ATDC member company Sentrinsic has received a $500,000 investment from the GRA Venture Fund, a private investment fund created to help finance promising companies that emerge through the Georgia Research Alliance VentureLab commercialization program. Sentrinsic is an industrial sensing and controls company built on technology developed at the Georgia Institute of Technology.

Mike Orndorff, Sentrinsic CEO, said, “This investment gives us the growth capital needed to press fast forward on our product development efforts. We are growing the size of our company and expanding the breadth of our product offerings.”

According to Orndorff, Sentrinsic’s proprietary technologies are uniquely suited to be easily integrated into existing industrial equipment and stand up to the rigorous, harsh environments in which these products operate. They use these technologies to unlock new capabilities and efficiencies in existing industrial products for their partners.

Sentrinsic’s first product, set to reach the market in the second half of 2010, is an energy efficiency device for industrial pumps. It combines the company’s patented, ruggedized, linear displacement sensor with Sentrinsic’s proprietary embedded conditioning and control electronics.

“The device lowers pump energy consumption by up to 50 percent, saving end users 10 to 20 times the cost of their investment in energy bills over the life of the product,” said David Beck, chief operating officer of Sentrinsic.

Congratulations to Dave Beck, Mike Orndorff and the rest of the team at Sentrinsic. We are proud of your successes and looking for big things to come.

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