Thursday, January 31, 2013

TruTouch Technologies Raises $4.3M

Albuquerque, New Mexico-based biometric sensor firm TruTouch Technologies, which develops biometric, alcohol detection systems, said this morning that it has raised $4.3M in a Series B-1 funding round. The funding was led by iTulip Community and Launchpad Venture Group. According to TruTouch, the funding will go towards bringing the company to profitability. TruTouch offers up a system which noninvasively measures a user's alcohol level by using a biometric touchpad. The firm is selling its products to companies in oil and gas, mining, construction, manufacturing, and other industries, as a way to prevent and discourage alcohol abuse by employees. More information »