Newton, MA-based Aircuity, a maker of an air ventilation control system called OptiNet, has added another $1 million to its most recent equity funding round, bring the financing’s total to $3.5 million of a targeted $10 million round, according to an SEC document. The filing notes that the money comes from a total of seven investors, with one more investor being added with this additional $1 million. Aircuity reported last June that it raised $2.5 million of the round. Aircuity’s system analyzes particles in air samples to cut down on unnecessary energy used in over-ventilating commercial buildings.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
View all posts by Erin Kutz
