Xenex secures USD11.3 million in new investment
Xenex Disinfection Services secured USD11.3 million in funding. San Antonio venture capital fund Targeted Technology Fund II, Battery Ventures, and other existing investors contributed to this round. The new capital would be used for sales force expansion and product development. This was according to a report published by San Antonio Express-News.
The private company makes and retails portable robots programmed to sanitize rooms. The local report explained that these robots use xenon ultraviolet light rays for the task. Company officials said this technology eliminates pathogens and germs from a certain room within just five minutes. Thus, the rate of hospital-acquired infections is curbed, the report said.
Since its 2009 launching, Xenex have sold its products to over 100 hospital systems in the US. These hospitals include Veterans Health Care System and University Health System. The firm presently employs 75 people, said the report.
To date, Xenex has raised a total of almost USD30 million, including this latest financial boost, San Antonio Express-News reported.