CiDRA (www.cidra.com), a private manufacturer of sonar-based flow measurement systems, closed an $8.0 million round of financing. According to CiDRA, it will use the financing to develop various service offerings related to flow management and assurance, velocity profiling, and overall plant monitoring and process optimization in minerals processing, oilsands, power generation, and pulp and paper applications.
The financing was provided by Open Field Capital (www.ofcap.com), an investment firm focused on emerging technology.
