Alternative Energy - Monday, June 2, 2008
Israel's Green Vision Raises €3.5M For Contaminants Detection
Green Vision Systems has raised €3.5M from the state-run Gabriel Lippmann Institute in Luxembourg. The company's founder and CEO Danny Moshe has invested $10M out of his own pockets to date.
Green Vision has developed sensors for the detection of contaminants in the air, water and in the ground that can be used in the prevention of chemical terrorist attacks as well as to test for common contamination of water sources and air quality. Green Vision is land-based, and the company also intends to offer it on airborne and satellite platforms.
Moshe had previously founded Malcam, which develops and manufactures microwave volumetric moisture and density information systems.
It would seem that Green Vision has not gone as planned. The company was founded 12 years ago, has required a great deal of personal investment and is just now getting outside investment.
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