# NevadaNanotech Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nevadananotech-systems

- Industry: Semiconductors
- Headquarters: Sparks, US
- Website: www.nevadanano.com
- Total disclosed funding: $30M
- Latest round: Series C (Feb 7, 2023)
- Investors on record: 2

## About

NevadaNanotech Systems, Inc. is a pioneering company specializing in advanced safety and climate solutions through innovative multi-gas sensing products and automated emissions monitoring systems.Founded in 2004 in Sparks, US, NevadaNanotech Systems, Inc. focuses on developing gas sensing technology. The company was established by a team of industry professionals and has conducted a total of 5 deals, with the most recent being a Series C funding round on February 7, 2023, where they raised USD 30.00 mn from Emerson Ventures and Honeywell Ventures. The company does not appear to have undergone significant pivots or changes in its business strategy.NevadaNano specializes in advanced safety and climate solutions, focusing on innovative multi-gas sensing products and automated emissions monitoring systems powered by its proprietary Molecular Property Spectrometer™ (MPS™) technology. Its core product offerings include MPS™ Flammable Gas Sensors, MPS™ Refrigerant Gas Sensors, MPS™ Methane Gas Sensors, and MPS™ Hydrogen Gas Sensors, designed for rapid and accurate detection of hazardous gases across various industries. These sensors are factory-calibrated, intrinsically safe, and resistant to toxins, providing built-in environmental compensation and automatic self-testing capabilities. The products are engineered for use in diverse applications such as oil and gas, HVAC, refrigeration, and waste management, targeting major corporate clients globally. NevadaNano's products have found utility in North America, Europe, and parts of Asia, serving large corporations committed to enhancing safety and environmental stewardship.NevadaNano generates revenue through the sale of its gas sensing products and automated emissions monitoring systems, establishing business relationships primarily on a B2B basis with large industrial clients. Transactions typically involve direct sales contracts and service agreements focused on long-term collaborations rather than one-off purchases. The company’s flagship products, including the MPS™ Flammable Gas Sensors and MethaneTrack™ emissions monitoring system, facilitate ongoing partnerships that may include maintenance and support services. Clients engage with NevadaNano to integrate these sensing solutions into their operations, enhancing safety protocols and compliance with environmental regulations. The structured pricing models reflect the advanced technology and reliability of their products, focusing on delivering value to sectors that prioritize safety and sustainability.In February 2023, NevadaNanotech Systems, Inc. raised USD 30.00 mn in Series C funding, which will be utilized to extend its suite of sensors and expand its line of emissions-tracking products, including MethaneTrack™, GHGTrack™, and RefrigerantTrack™. The company plans to launch these upcoming products in the near term and expand into new markets, although specific dates and regions have not been disclosed.

## Funding rounds

- Series C, Feb 7, 2023, $30M — Honeywell Ventures, Emerson Ventures

## Investors

- Honeywell Ventures (https://capitalatlas.ai/funds/honeywell-ventures) — Series C
- Emerson Ventures (https://capitalatlas.ai/funds/emerson-ventures) — Series C