Aldis is an advanced traffic-management-technology company focused on energy efficiency. Based in Oak Ridge, Tenn., the company has a joint development agreement with Oak Ridge National Laboratory and multiple local municipalities are customers. Innovation Valley Partners (IVP) and its affiliate fund, Princeton, N.J.-based Battelle Ventures, led a $3.775-million Series A funding round, with Tennessee-based fund Meritus Ventures, L.P., participating. General Partner Glenn Kline sits on the Board of Directors. (See
deal announcement)
Company
Web Site
www.aldiscorp.com
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