GlenRose Instruments
Radiological services and operates an analytical laboratory network in the united states
About GlenRose Instruments
GlenRose Instruments Inc. was a specialized firm established in 2005, headquartered in Waltham, Massachusetts. The company focused on providing a range of radiological and environmental services, operating primarily as a contractor for the United States federal government and its prime contractors. The core of its business involved the operation of an analytical laboratory network with locations in California, New Mexico, Tennessee, and Pennsylvania. Through its subsidiary, Eberline Services Inc., GlenRose Instruments delivered services such as radiological characterization and analysis, management of hazardous and radioactive waste, and environmental, safety, and health management.
The company's business model was centered on service contracts with the federal government, which accounted for over 90% of its revenues. These contracts were primarily cost-reimbursable, where revenue was recognized based on the costs incurred plus a fixed fee. GlenRose Instruments positioned itself to address the need for detecting and measuring contaminants, particularly radioactive and mixed wastes generated from nuclear weapons development and the nuclear power industry. It offered technologies like the Segmented Gate System (SGS), which separated contaminated soil from clean soil to reduce disposal volumes and costs for its clients.
Financially, the company was venture-backed, having raised capital through funding rounds, including a $7.19 million round in October 2007. Despite its efforts and securing significant government contracts, GlenRose Instruments ultimately ceased operations. The company filed for bankruptcy and was liquidated in March 2012, marking the end of its business activities.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Aug 2008 | $15M | $60M | Undisclosed | — |
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