Tech Company Financing Transactions
Viken Detection Funding Round
Horizon Technology Finance invested in a $20 million funding round for Viken Detection. The round was announced on 6/12/2023.
Transaction Overview
Company Name
Announced On
6/12/2023
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Undisclosed
Investors
Horizon Technology Finance (Lead Investor)
Proceeds Purpose
The company will use the loan proceeds for general growth and working capital purposes. The company intends to use the funds to develop new solutions to further improve global security.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
21 North Ave
Burlington, MA 01803
USA
Burlington, MA 01803
USA
Phone
Website
Email Address
Overview
Viken Detection (formerly known as Heuresis) provides enabling security imaging and material identification solutions that help law enforcement and safety inspection professionals keep the public safe from drug trafficking, terrorism and other hazardous threats. The company's innovative handheld products, the HBI-120 (handled imager) and Pb200i (lead-paint analyzer), are the recognized leaders in their markets. Viken Detection is headquartered just northwest of Boston, in Burlington Massachusetts.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
James Ryan
Chief Financial Officer
Jeff Warming
Chief Operating Officer
Chitra Subramanian
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We do our best to document all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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