Faurecia investment allows Promethient to ramp up development

CRAIN’S DETROIT BUSINESS – Promethient Inc., an early stage tech company in Traverse City, landed the kind of partner in May most startups can only fantasize about.

The company got what it describes as a large though undisclosed equity investment from Faurecia Ventures, the investment arm of Nanterre, France-based Faurecia, the sixth-largest auto supplier in the world, with a big American presence. READ MORE