RedZone Robotics Inc. Lands $25 Million Investment
November 22, 2011RedZone Robotics Inc., a designer and manufacturer of wastewater inspection technologies and related analytical solutions for municipalities, contractors and engineering companies, recently announced a $25 million investment by ABS Capital Partners Inc., a leading growth equity investor.
RedZone will use the funds to continue to expand its product set and geographic reach.
As a result of the financing, ABS Capital general partners Bobby Goswami and Laura Witt will join RedZone’s board of directors.
“Most municipalities and wastewater agencies do not have the funding required to resolve all of their infrastructure problems. It is critical that they have a good complete understanding of the system so as to make fact-based decisions when allocating constrained capital and operating dollars in their quest to provide services and comply with regulatory demands. We are seeing municipalities save money and really benefit from our cutting-edge solutions that enable them to proactively manage their wastewater infrastructure,” said CEO Eric Close. “This investment will help expand the number of communities we can assist, ensuring these communities can best use their funds to maintain their infrastructure and protect their environment.”
Today, RedZone serves customers globally spanning large and small municipalities and wastewater agencies, as well as regional and national engineering firms.