Innovasic Raises Series C

Innovasic Inc., an Albuquerque, N.M.-based provider of replacement integrated circuit (IC) and microcontroller solutions, has secured $6.22 million of a $7.72 million Series C round, according to a regulatory filing. Backers include the Sensor Technology Development Fund, Valley Ventures, Grayhawk Venture Partners, Red River Ventures and Valley Ventures. The company declined comment.