Arisdyne Raises Series A

Arisdyne Systems, a Cleveland, Ohio, alternative fuel and technology company, raised $5.3 million in Series A funding. The investment serves as a restructuring deal that leaves the company independent from its parent, Five Star Technologies. Investors were not disclosed, but prior investors include CTTV Investments, Early Stage Partners, Industrial Technology Ventures, Morgenthaler Ventures and Reservoir Venture Partners. Company Web site