Deals in 2006
DeepStream Technologies
Series
B Funding £12.3M
Sector Electronics
Funded by 3i and Doughty Hanson Technology
Ventures
DeepStream Technologies
ICON secures equity funding from new investor 3i and existing investors Doughty Hanson Technology Ventures for disruptive embedded sensor company as part of an overall £12.3 million Series B investment. 3i and Doughty Hanson have together invested £8.1 million in this round and further funding was secured from a £1.5million Regional Selective Assistance grant and a £2.7million property development grant. ICON also represented Deepstream on its Series A investment.
DeepStream designs and manufactures intelligent embedded sensors which make electrical products smart. This enables the acquisition and communication of valuable data, providing diagnostic, prognostic and energy management capabilities within building automation applications or electrical appliances. The funding will be used to expand the company's range of solution platforms for new markets, partcularly energy management, medical and appliance sectors, as well as expanding its revolutionary production operations to increase capacity.
