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Aircuity Inc., a maker of energy use sensor and control systems, has chipped away further at its planned $10 million equity round, reporting in a regulatory filing Friday that the securities sold in the round have now reached $3.5 million.
The Newton company had reported last July that the round had reached $2.5 million, according to the filing with the U.S. Securities and Exchange Commission. In November 2009, Aircuity filed the initial $1.8 million tranche with the SEC.
Aircuity’s Optima system is comprised of three elements: a portable air monitoring device, a web-based data collection and reporting tool and an artificial intelligence-based diagnostic program. Its OptiNet system moves air through a building in a way that aims to both improve energy efficiency and indoor air quality, the company has said.
Founded in 2000 as a spinout from Honeywell called Myindoorair Inc., Aircuity changed its name in 2001.
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