Automation Alley invests $350k in two SE Michigan tech firms.
Troy-based Automation Alley has invested $350,000 in two Southeastern Michigan technology firms to help them develop their technologies and grow their businesses.
Wixom-based Ventech L.L.C. was awarded $250,000. It makes and distributes rapid heat solutions for the transportation, heavy-duty, emergency, off-road and military markets.
Its flagship product quickly heats the interior of school buses, reducing idling time and fuel consumption.
Farmington Hills-based Critical Signals Technologies Inc. was awarded $100,000. It provides monitoring equipment and services for emergency and first responders. It previously received seed funding of $450,000 from Automation Alley.
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