Tuesday, November 23, 2010

Centice Corporation Raises $1.22 Million

Recently, TBJ published the following article highlighting the fundraising successes of CED member company, Centice Corporation.
Morrisville-based Centice Corp says it has raised nearly 95 percent of a $1.289 million stock offering to investors.

The company, in a filing with the U.S. Securities and Exchange Commission, says it has raised $1.22 million from two investors and has roughly $69,000 worth of shares remaining to be sold.

Venture-backed Centice, formed in 2004, develops products using a computational sensor technology originally discovered at Duke University. The firm’s major product is one that uses the technology to verify the amount of medication patients are receiving.

Centice's CEO is Scott Albert, former managing partner with Durham-based The Aurora Funds, which is also one of the venture investors in Centice.

Centice Corp. has been a CED member since 2004. The company sponsored CED's Venture conference in 2007 and 2009. Scott Albert has been an active CED member and supporter with The Aurora Funds, and now Centice Corporation, since 2000.

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