Qualtre closes gyroscope financing round

Sensor developer Qualtre has completed an $8m (£5m) Series B round of financing to commercialise next-generation MEMS gyroscopes, bringing the total funds raised to $13m.

The infusion will fund the product development, sales and operations infrastructure needed to market its Bulk Acoustic Wave (BAW) micro-electromechanical system (MEMS) gyroscopes.

Participating institutional venture-capital investors in this round are Matrix Partners and Pilot House Ventures.