# Picarro

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/picarro

- Industry: Environmental Services
- Headquarters: Santa Clara, US
- Website: www.picarro.com
- Total disclosed funding: $57M
- Latest round: Series D (Jul 25, 2012)
- Investors on record: 8

## About

Picarro develops advanced monitoring solutions for greenhouse gases and volatile organic compounds, utilizing innovative technology to provide precise gas and isotope data essential for environmental compliance and operational efficiency.Picarro, founded in 1998, is based in Santa Clara, US, specializing in precise monitoring solutions for greenhouse gases. The company has undergone strategic pivots to enhance its product line. Alex Balkanski serves as the CEO. Picarro has raised a total of USD 7.00 mn through 4 deals, with the latest Series D round completed on July 25, 2012, attracting investors such as Focus Ventures, DAG Ventures, Mingxin Capital, and Nippon Telegraph and Telephone.Picarro specializes in the development of advanced monitoring solutions for greenhouse gases (GHG) and volatile organic compounds (VOC). Their core product offerings include cavity ring-down spectroscopy (CRDS) technology, which provides precise and reliable gas and isotope data for various applications. The products are designed to address critical challenges such as reducing emissions, detecting leaks, and ensuring compliance with environmental regulations across diverse industries. Major clients include natural gas utilities, sterilization facilities, semiconductor manufacturing companies, and scientific research institutions. Picarro’s solutions are utilized globally, with significant market presence in North America, Europe, and Asia, thus catering to diverse client needs, from methane detection in gas networks to compliance monitoring in sterilization processes.Picarro's revenue model is primarily based on B2B transactions involving the sale of its monitoring equipment and associated services. The company typically engages clients through structured contracts that include ongoing technical support and data analytics services, enhancing the value of their flagship CRDS technology. Revenue is generated through direct sales of instruments and subscription-based services for data monitoring and analytics. While specific pricing details are not disclosed, the transactional structure reflects a combination of one-time equipment purchases and recurring service fees tailored to individual client needs. This approach enables clients to optimize their operations while ensuring compliance with regulatory standards across various geographic markets.Picarro aims to leverage the recent Series D funding of USD 7.00 mn, raised in July 2012, to support the development of new monitoring products and expand its market presence. The company plans to introduce innovative solutions designed to enhance the accuracy and reliability of gas detection technologies and is targeting expansion into key markets in Europe and Asia by 2025. The funding will also bolster ongoing research and development efforts to ensure Picarro's solutions meet evolving regulatory standards and the growing demand for environmental compliance.

## Funding rounds

- Series D, Jul 25, 2012, $7M — Focus Ventures, DAG Ventures, NTT, Mingxin Capital
- Series C, Dec 9, 2004, $15M — Benchmark, DAG Ventures, Greylock Partners, Skymoon Ventures, Stanford University
- Series B, Jun 4, 2003, $13M — Benchmark
- Series A, Jul 15, 2002, $22M — Benchmark

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A, Series B, Series C
- DAG Ventures (https://capitalatlas.ai/funds/dag-ventures) — Series C, Series D
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series C
- Skymoon Ventures (https://capitalatlas.ai/funds/skymoon-ventures) — Series C
- Stanford University — Series C
- Focus Ventures (https://capitalatlas.ai/funds/focus-ventures) — Series D
- NTT — Series D
- Mingxin Capital (https://capitalatlas.ai/funds/mingxin-capital) — Series D