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Energy Tech Series C Founded 2004

Nevada Nano

NevadaNano is a gas sensing technology company that develops multi-gas sensing products and automated emissions monitoring systems for safety, climate, and industrial applications. The company's proprietary Molecular Property Spectrometer (MPS) sensor technology provides factory-calibrated, intrinsically safe detection of flammable gases, refrigerants, methane, and hydrogen with built-in environmental compensation,…

📍 Sparks, United States · Oil & Gas Tech,

Funding snapshot

Last roundSeries C
Amount$30M
Date7 February 2022
Total raised$54M
Team size70

About

NevadaNano is a gas sensing technology company that develops multi-gas sensing products and automated emissions monitoring systems for safety, climate, and industrial applications. The company's proprietary Molecular Property Spectrometer (MPS) sensor technology provides factory-calibrated, intrinsically safe detection of flammable gases, refrigerants, methane, and hydrogen with built-in environmental compensation, automated self-testing, and no field calibration required. Product lines include MPS Flammable Gas Sensors, MPS Refrigerant Gas Sensors, MPS Methane Gas Sensors, and MPS Hydrogen Sensors, along with MethaneTrack and EmissionsTrack automated emissions monitoring systems. The company's TrueLEL technology provides accurate gas concentration readings across diverse flammable gas types, while Leak Source Isolation (LSI) cloud-based technology integrates sensor readings with anemometer data. NevadaNano serves oil and gas, HVAC and refrigeration, waste management, safety, and energy and power industries. Founded in 2004 and headquartered in Sparks, Nevada, NevadaNano has raised approximately $53.5 million in Series C funding from investors including Honeywell, Emerson, Advantage Capital, and Johnson Controls.

Business model

Oil & Gas Tech > Midstream > Pipeline Monitoring > Sensors,

Sensors > Generic Sensor Developers > Chemical > Gas Sensing,

Micro Electro Mechanical Systems > Sensors > Environmental Applications > Gas detection Sensors,

Analog and Mixed Signal ICs > Sensors

Team background

College Wise > Stanford University

Institutional investors

Honeywell Emerson Advantage Capital Johnson Controls Ray Stata

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