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HomeFunding VA-based Luna Secures $50M Investment from White Hat Capital Partners

[Funding alert] VA-based Luna Secures $50M Investment from White Hat Capital Partners

VA-based Luna Secures $50M Investment from White Hat Capital Partners. A portion of the proceeds from this risk assessment were utilised to finance Silixa's purchase.

VA-based Luna Secures $50M Investment from White Hat Capital Partners. A portion of the proceeds from this risk assessment were utilised to finance Silixa’s purchase.

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Silixa is a UK-based supplier of distributed fibre optic sensing technologies, with Glynn Williams serving as CEO. With a range of capabilities in distributed strain sensing (DSS), distributed temperature sensing (DTS), and distributed acoustic sensing (DAS), which offer improved performance for applications in energy, natural environments, mining, and security, the acquisition strengthens Luna’s position in the fibre optic sensing market.

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In order to improve growth and profitability, Luna also plans to make use of the investment’s proceeds for a number of ongoing projects, such as:

Leveraging Tipping Points for Growing Adoption of Fibre Optic Sensing Technologies. Expanding Production Capability to Fulfil Demand Resulting from Strategic Alliances. Increasing Innovation Investments.

Read also – Reykjavik-based DTE Secures €16 Million in Funding

Luna is a pioneer in optical technology, offering expertise in distributed fibre optic-based sensing for different sectors and fibre optic-based test devices for the telecommunications sector. Its business strategy seeks to quicken the release of cutting-edge technologies onto the market.

About luna

Leading provider of high-performance, fiber-optic-based sensing, measurement, testing, and control products for a variety of industries, such as aerospace, transportation, infrastructure, security, process control, communications, silicon photonics, defence, and automotive, Luna Innovations Incorporated (NASDAQ: LUNA) is dedicated to providing its clients with these exceptional capabilities.

Read also – Reykjavik-based DTE Secures €16 Million in Funding

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