Vibrant Corporation announces that it has closed a follow-on\u00a0financing round from New Mexico venture capital firm, Verge Fund, other existing investors and\u00a0new investors. These funds will be used to expand the services Vibrant offers to its current\u00a0customers.<\/p>\n
\u201cIn a difficult financing environment, we are pleased by the continued interest and support\u00a0from both our existing investor group, including Verge Fund and several prominent angel\u00a0investors, and the new investors who participated in this round. We look forward to using this\u00a0financing to accelerate our growth in the nondestructive testing industry,\u201d said Lem Hunter,\u00a0President and CEO of Vibrant. \u201cVibrant is gaining meaningful traction in the aerospace and\u00a0power generation non-destructive testing markets. Without the support of Verge and our other\u00a0investors, we would not be able to meet the needs of our customers in a timely fashion.\u201d<\/p>\n
Vibrant Corporation provides nondestructive testing services to customers in the aerospace\u00a0manufacturing and maintenance markets. The Company helps its manufacturing customers to\u00a0increase production yields while decreasing the likelihood that inferior components enter\u00a0service. For Maintenance, Repair & Overhaul (MRO) customers, Vibrant\u2019s system provides early\u00a0identification of damaged or aging components, thereby optimizing component life while\u00a0decreasing the likelihood of a component failing in service. Vibrant serves domestic and\u00a0international customers from its headquarters in Albuquerque, NM.<\/p>\n
\u201cVerge Fund is very pleased with the company\u2019s progress and we believe that their innovative\u00a0non-destructive testing technology will make airplanes safer while reducing the cost and time\u00a0required for critical maintenance,\u201d said Verge Partner David Durgin.<\/p>\n
Vibrant is a spin off of Mechtronic Solutions, Inc. that has commercialized Process\u00a0Compensated Resonance Testing (PCRT) for use in the aerospace and power generation\u00a0industries. The PCRT technology, licensed from Magnaflux Quasar, is a revolutionary nondestructive\u00a0testing technology that can determine if a component is structurally sound and fit\u00a0for service. Vibrant has developed PCRT applications focused on the safety critical components\u00a0found in the aerospace industry. These applications bring the power of PCRT to bear on new\u00a0product quality control and in-service product degradation tracking Vibrant is now performing\u00a0testing services for several major aerospace manufacturers and Maintenance, Repair, and\u00a0Overhaul (MRO) firms.<\/em><\/p>\n Verge Fund is a seed and pre-seed venture capital fund, investing in promising technology\u00a0opportunities. With over 80 years experience as investors and operators, the six Verge Fund\u00a0partners work closely with entrepreneurs and technologists to develop promising opportunities\u00a0in successful commercial ventures. Verge Fund invests at the earliest stages of a company\u2019s\u00a0development, typically placing $100,000-$500,000 in first round investments.\u00a0www.vergefund.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Vibrant Corporation announces that it has closed a follow-on financing round from New Mexico venture capital firm, Verge Fund, other existing investors and new investors. These funds will be used to expand the services Vibrant offers to its current customers.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-983","post","type-post","status-publish","format-standard","hentry","category-company-news"],"_links":{"self":[{"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/posts\/983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/comments?post=983"}],"version-history":[{"count":0,"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/posts\/983\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/media?parent=983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/categories?post=983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibrantndt.com\/de\/wp-json\/wp\/v2\/tags?post=983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}About Verge Fund<\/h4>\n