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SepSensor Inc., a Marlborough company making sensor technology to detect buildup of liquid layers in septic tanks, has raised just over $1 million in an equity financing round reported in a filing with the U.S. Securities and Exchange Commission.
While the federal document did not identify the backers of the funding, which is expected to bring in up to $1.2 million in a mix of equity and other securities, it did include in the list of related persons SepSensor board members Norman Meisner, chairman of the board and member of Beacon Angels and Launchpad, and Todd Hixon, managing partner of New Atlantic Ventures.
SepSensor was co-founded in 2003 by MIT professor James Keck and Erik Pedersen, managing director of consulting firm ProVista Partners. The company develops a grease interceptor monitoring service using sensors, wireless monitoring and web-based operations intended for the restaurant industry.
The company is led by CEO and president Mark Terrell, who most recently was COO of Bedford biological sensor maker Sionex Corp.
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