Solidica takes in more VC, set to create 12 new jobs

Wednesday, November 5, 2008 | Source: Concentrate
More money is coming to Ann Arbor's Solidica, which will bring more jobs to the local start-up as well.

The firm has hired five new people since May and plans to hire another dozen more after a $1.9 million investment. Of that money, $900,000 came from Michigan's 21st Century Jobs Fund and another $1 million came from private investors.

North Coast Technology Investors originally backed the company, helping make it is what is today.

The company started in 1999 but really started to take off in the last couple of years, hiring nearly 20 of its 35 people.

The firm creates supplies for both wireless and wired systems. Quite often they include built-in wireless sensors, which allow for immediate feedback. For instance, if a military vehicle crashes, a central command post will know  almost immediately because of Solidica's technology. 

With that in mind, the company plans to pursue military contracts with its latest products.

Source: Michigan Economic Development Corporation
Writer: Jon Zemke
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Military / Homeland Security, Wireless Technology 

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  • Solidica
    1194 Oak Valley Drive Suite 80
    Ann Arbor, MI 48108-8942 Website
    When you double in size in just two years, that's pretty much the defintion of growth. Ann Arbor-based Solidica has been around since 1999 but the last few years have seen lucrative military contracts for this wireless sensor developer.
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