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Thursday, February 18, 2010

SepSensor fills tank with $1.5M in new round

By Rodney H. Brown

SepSensor Inc., a Marlborough company making sensor technology to detect buildup of liquid layers in septic tanks, has pumped up $1.5 million in new funding, according to federal documents.

The company was founded in 2003 in Andover and is targeting restaurants, which need to identify and deal with grease buildup in their tanks, according to officials. The filing with the U.S Securities and Exchange Commission did not list the investors in the round.

SepSensor was co-founded by MIT professor James Keck and Erik Pedersen, managing director of consulting firm ProVista Partners. According to federal documents, the company has taken in $1 million in previous funding through two tranches of an initial round.

The company is led by CEO and president Mark Terrell, who most recently was COO of Bedford biological sensor maker Sionex Corp. Chairing the board is John P. Appleton, who formerly served as president and CEO of Thermo TerraTech, a subsidiary of Thermo Electron.

 

 

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