Blu Venture Investors, Inc. Announces Recent Investment in N5 Sensors
Maryland-based Advanced Sensor Technology and AI Company Solves Toughest Problems in Environmental Detection and Safeguarding Critical Infrastructures
VIENNA, VA – June 12, 2023 – Blu Venture Investors, a private venture capital firm focused on early-stage investments in the cybersecurity and adjacent technology industries, is pleased to announce the recent investment in N5 Sensors, a mission-ready nanoengineered sensor technology to selectively detect chemical hazards to meet the most demanding environmental detection challenges. Blu Ventures led this $2.5M seed round, which also included investments from TEDCO, The University System of Maryland Momentum Fund, and Chesapeake Bay Seed Capital Fund.
Blu Ventures was first introduced to Abhishek Motayed, CEO of N5 Sensors, at NSF i-Corp Program in 2014 and closed our first investment in 2016. With this most recent round, Blu has $1.96M invested in N5 Sensors. “We are proud to share that our commercial revenue has been consistently growing and this investment will greatly accelerate our growth,” said Abhishek Motayed. “A big shout-out to Blu Ventures for leading this round and for being N5’s biggest champion since the early days.”
“From the very beginning of our relationship with N5 Sensors, we found Abhishek to be very engaging with a passion for the business and its prospects. We’ve believed since the beginning that the solution N5 provides is unique and the intellectual property on the basic architecture is strong,” said Hal Shelton, Blu partner and board observer.
About N5 Sensors
N5 Sensors, Inc. of Rockville, MD is a University of Maryland spin-off leveraging innovations in nanoengineered materials and devices to create novel sensing and detection solutions. N5 develops environmental detection solutions combining our patented nanoengineered sensors with edge and cloud artificial intelligence. From wildfire detection and chemical defense to consumer applications, N5's solutions provide data that enables rapid decision-making.
About Blu Venture Investors
Blu Ventures was founded in 2010 by former operators who employ their experience to fund and mentor early-stage startups. Blu Ventures has deployed over $114MM in capital to date to early-stage cyber and enterprise software firms. Blu’s partners bring operator expertise across a variety of industries and an investment perspective closely aligned with entrepreneurs. For more information, visit https://bluventureinvestors.com.