Lelantos is developing gas sensors for IoT monitoring applications targeted to the oil, gas, and HVACR industries, and has announced this week that it has raised the initial seed funds required for the verification and commercialization of its novel technology. In August, Lelantos was awarded a National Science Foundation (NSF) SBIR Phase II grant. Concurrently, Lelantos also engaged with Silicon Catalyst Angels, a group of early-stage angel investors based in Silicon Valley. After numerous presentations and a due diligence process, Silicon Catalyst Angels made an initial equity investment in the company that was completed in September 2021. The combination of the SBIR grant and the equity investment enables Lelantos to expand the team and move forward on schedule with their product development timeline.
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