Central Florida firm using UCF sensor tech finishes $2M investment round

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    A Daytona Beach-based company collaborating with Orlando-based groups has completed a $2 million investment round, with plans to expand its workforce and grow its customer base.

    Sensatek Propulsion Technology Inc. closed its seed funding round in the first week of October, CEO and founder Reamonn Soto told Orlando Business Journal. The company is part of Orlando-based StarterStudio’s seed fund accelerator program, and licenses sensor technology developed at the University of Central Florida.