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MicroSeismic, Inc. Raises $7 Million in 2nd Equity Round; Altira Group Leads Round Followed by Chevron Technology Ventures and RockPort Capital Partners.

Publication: Business Wire
Publication Date: 25-AUG-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
HOUSTON -- MicroSeismic, Inc., a geophysical service company providing 3-D seismic imaging for both exploration and production of hydrocarbon resources, today announced the closing of a $7 million preferred share offering. Proceeds will be used to acquire capital equipment for expansion of operations as well as to fuel sales growth and to fund software development. Altira Technology Fund IV LLC, led the round. Previous investor CTTV Investments LLC, the venture capital arm of Chevron Technology...

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