Maryland-based business protecting individuals and businesses from environmental hazards through the use of its innovative sensor technology
COLUMBIA, Md. (May 22, 2023) – TEDCO, Maryland’s economic engine for technology companies, announced a recent State Small Business Credit Initiative (SSBCI) investment of nearly $400,000 into N5 Sensors, Inc. This SSBCI investment was made through TEDCO’s Seed Funds.
“Environmental hazards are not always preventable, but detecting these hazards can support the safety of everyone in the area,” said Abhishek Motayed, Ph.D., CEO of N5 Sensors. “I’m thankful for TEDCO’s interest and support—with this additional funding, we can continue our research and find new ways to help provide safety to everyone.”
N5 Sensors, based in Rockville, Md., is a startup company with a mission to keep people safe form environmental hazards. This process is done using a cloud-connected ecosystem of smart sensors that utilize and leverage the endless possibilities of shared data and artificial intelligence. Through this approach, the company has developed a variety of products and solutions, each with the goal of helping individuals stay safe from various environmental hazards.
“N5 Sensors’ focus on promoting safety is admirable,” said Teddy Gresser, investment analyst, TEDCO. “TEDCO is looking forward to seeing how the company grows and where their research takes them next.”
N5 Sensors received funding and support from other programs within TEDCO as well. In addition to guidance and mentoring through the Maryland Innovation Initiative (MII), N5 Sensors received funding from the MII Company Formation Phase. N5 Sensors also received grant funding from TEDCO’s N-STEP program.
SSBCI funding is divided into four programs dedicated to helping support the various technology-based businesses and entrepreneurs throughout Maryland. For more information about available funding opportunities with TEDCO, go here: https://www.tedcomd.com/funding.
