Rebellion Photonics snaps up $10.4 mln

Rebellion Photonics has raised $10.4 million in Series A financing. The investors were Tinicum and unnamed private investment partnerships advised by Tinicum. Headquartered in Houston, Rebellion Photonics is a provider of cameras to detect gas leaks for oil rigs and refineries.

PRESS RELEASE

Houston, TX, January 8, 2014 – Rebellion Photonics, Inc. (“Rebellion”) announced today that it has closed on a $10.4 million Series A financing round with Tinicum L.P. and certain other private investment partnerships advised by Tinicum Incorporated (“Tinicum”) to help accelerate the market expansion of its Gas Cloud Imaging cameras (“GCI”). The revolutionary GCI is a new generation of gas leak detection technology for oil rigs & refineries that can identify and quantify dangerous gas leaks within the digital image in true real-time (30Hz) video. With full scene coverage, the GCI enhances safety and operations, lowers the risk of explosions, and improves facility downtime by continuously monitoring for leaks and improving distinctions between actual events and false alarms.
Robert Kester, CTO/co-founder of Rebellion, said, “We are excited to grow Rebellion so that we can continue to make oil rigs and refineries safer places to work.” Trip Zedlitz, a partner at Tinicum, said, “We believe that Rebellion has developed a unique and compelling solution offering real-time operational, safety, and regulatory benefits to its customers. We are excited to partner with the Rebellion management team and provide support for the company’s significant growth initiatives.”
Rebellion Photonics, Inc. is a start-up spun out of Rice University in 2010, commercializing their unique snap-shot hyperspectral video platform. The company, headquartered in Houston, Texas and with Allison Lami Sawyer as CEO/co-founder, is expanding operations and marketing their new Gas Cloud Imaging camera for oil rig and refinery safety. More information about Rebellion is available at www.rebellionphotonics.com.
Rebellion Photonics was named Wall Street Journal’s ‘Start-up of the Year’ in 2013 and was awarded a R&D100 in 2012.
Tinicum is a private investment firm with more than 25 years of experience investing in public and private companies. For more information, please visit www.tinicum.com.

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