July 28, 2003 — Sensicore Inc., an Ann Arbor, Mich.-based developer of lab-on-a-chip technology for chemically profiling potable water and other fluids in real time, secured $6.5 million in an ongoing Series B funding round, according to a news release.
NGEN Partners LLC led the round. Topspin Partners, Firelake Capital, Ardesta LLC and an unnamed corporation active in the water market also participated. Sensicore was originally funded by Ardesta, the parent company of Small Times Media.
The company, which expects to close on a total of $10 million, has developed technology based on the work of Richard Brown, a University of Michigan professor and Sensicore founder. Peter Grubstein of NGEN and Paul Wimer of Topspin will join Sensicore’s board.