H2scan Raises $70M in Funding
- H2scan, a Valencia, CA-based provider of hydrogen sensors for electricity utilities and industrial markets, raised $70M in funding
- The round was led by LetterOne with participation from GS Energy
- The platform provides hydrogen sensors for a wide range of industrial leak detection and process gas monitoring markets including control systems, safety monitoring and alarm system
- The Gen 5 uses the same validated H2 scan sensor that has been used in over 20,000 installations worldwide
- The company holds 27 patents on its core technology, software and electronics, and its products are sold in over 50 countries worldwide
- The company’s customer base includes some of the largest manufacturing enterprises in the world
