Tribosonics wins another £1.5m for smart sensor technology
Tribology is the science of wear, friction and lubrication. 23% of the world’s energy consumption originates from heritage contact. Trypsonics From this they concluded that by treating the friction and wear, there is a potential to save 8.7% of the total energy consumption.
Sheffield has developed smart sensors built into the moving parts of the machine that monitor friction, pressure and temperature. Tribosonic sensors integrate advanced analytics and provide real-time data to help companies improve process efficiency, extend plant life, and reduce maintenance and energy use.
They raised another 1.5 million pounds from NPIF – Mercia Equity FinanceAnd managed by Mercia and part of the Northern Powerhouse investment fund, and Mercia’s EIS money. The latest funding round brings the total raised so far to £2.6m and follows an initial round by NPIF – Mercia Equity Finance in 2020.
Glenn Fletcher, CEO, Tribosonics, said: “We are on an exciting growth journey as we deploy innovative, game-changing, IP-protected sensing solutions to drive value for our customers and make a significant contribution to decarbonization across a number of industries.. It is important to have the right investors with us on the journey, and has proven Mercia is a fantastic partner, providing not only growth capital but invaluable support based on their experience and understanding of what it takes to grow a technology business. We look forward to continuing the journey, making a real difference and strengthening our partnership with Mercia on all fronts.”
Connect Road in Cardiff is driving ambitious growth plans with an upfront investment of £780,000
An upfront £780,000 equity investment in Cardiff AI software company Connect way It is set to revolutionize the way the world understands people and the movement of vehicles, eliminating the need for controversial facial recognition technology.
The investment has been led by the Development Bank of Wales and will be used to double the Route Konnect team with key appointments in technical and commercial operations, in order to bring the platform to market.
Known as “Google Analytics” for physical spaces, Route Konnect is the first video analytics company that anonymously captures connected, multi-camera, vehicle and people-movement insights across any given space, town or city. High-resolution real-time data provides a true understanding of the overall journey, enabling more efficient traffic management, place creation and smart city urban planning and place management.
Co-founder and Managing Director Mohamed Bin Ismail said: “Our platform captures accurate, intelligent, real-time insights into the movement of people and vehicles – without infringing on individual privacy – to enable better and more efficient traffic management, place creation and urban planning across towns and cities globally. From reducing wait times at traffic lights and easing congestion to get to emergency services, to improving customer experiences at stadiums and retail outlets, applying accurate, anonymous insights into motion has global potential.
Career development platform Guider raises £2.4m
leader On a mission to make in-company routing easier with a simplified, centralized routing platform. Guider’s mentoring platform, used by M&S, LVMH, The Guardian and many others, uses companies to refocus career development plans to avoid talent exodus during a major resignation period.
Guider has raised £2.4m in seed investment with Fuel Ventures to grow its platform and expand its international operations. The focus of the mentor is universal.
Research indicates that 77% of 25-33 year olds are looking for a career change in the next year, companies will need to provide greater incentives to keep employees motivated and committed. Besides mentoring, the Guider platform offers training, care, and mental health support. 84% of users had a positive impact using the system.
Guider CEO and Founder Nick Ross said: “When implemented as a long-term commitment, mentoring can have a positive impact on people and the organization at large. Our partnership with Fuel Ventures means we have the capital to leverage before developing our smart platform and serving businesses. all over the world “.
Video recruitment platform secures £1.3m funding package
shine It is a video-based recruitment and HR platform that facilitates the end-to-end recruitment process for enterprises, SMEs and recruiters.
Shine has received a £1.3m financing package from Northeast Venture Fund To enable it to embark on a program of growth and relocation to County Durham, creating about 20 new jobs in the area in the next 18 months. The infusion of capital is setting the shine in the UK’s talent and recruitment management software market, which is estimated to be worth £11 billion.
The platform envisions a new era of recruitment through live and pre-recorded video interviews. A suite of hiring tools are also available including scheduling, diary management, video resumes, and video-based engagement tools.
In the long term, it is estimated that 40% of the working population in the UK will work in a telecommuting or hybrid working environment – a virtual and remote recruitment process and therefore essential for smooth recruitment and talent acquisition.
“The employment landscape has changed over the past couple of years as the war for talent intensified and hybrid telecommuting became the norm,” said David Koppel, founder of Shine. “As a result, the demand for our video-based tools has soared and this investment will allow us to significantly accelerate our growth plans.” With more innovations brought to our already global platform.”
LateSpace receives £250,000 to combat cancellation culture
Finding a date at the last minute can be a difficult and frustrating experience. LateSpace You want to turn a problem into a solution by helping companies advertise last-minute appointments.
LateSpace has just completed a preliminary seed funding round raising a total of £250,000. The funding round is the first investment for the app as it prepares to launch at the beginning of June with a B2B portal set to launch at the end of this month.
Late cancellations are a significant financial burden for companies that rely on assignments with clients. Recent data from Statista estimates that up to £637m is lost each year in the UK due to canceled hair and beauty appointments.
With LateSpace, businesses can upload available appointment slots and potential customers can see everything that is available locally to them and book an appointment for up to 72 hours.
To ensure the successful launch of LateSpace, Peter Marshall and Gary White joined the company as CFO and CFO, respectively. Both bring 40 years of experience in the technology and finance industries and will play a pivotal role in expanding LateSpace’s reach in the coming months.
#data
Tribosonic
1.5 million pounds sterling
NPIF – Mercia Equity Finance
#data
Connect way
780 thousand pounds sterling
Development Bank of Wales, Pi Labs, SFC Capital, Plug and Play & Angels
#HR
leader
2.4 million pounds sterling
Fuel Ventures
#legalitic
LawAdvisor
4.05 million pounds sterling
Angels
#Protec
square foot
600,000 pounds sterling
RAW Capital Partners, Sibner Capital and Peter Rawlings
#HR
shine
1.3 million pounds sterling
Northeast Venture Fund, European Regional Development Fund, EIS Mercia Fund and Durham Fund
#data
Bodytrak
3.5 million pounds sterling
Lakeland Industries
#fintech
tell the money
2 million pounds sterling
Craig Dewar
# Cleanliness
Ransir
£ 5.7 million
Hoxton Ventures
#fintech
paddle
162.2 million pounds sterling
KKR, FTV Capital, 83North, Notion Capital, Kindred Capital, Silicon Valley Bank
#fintech
tomelo
15.4 million pounds sterling
Treasury, Legal and Public Affairs, Fidelity International Strategic Ventures, Nucleus Adventure Capital & Angels
#data
Bitfront
4 million pounds sterling
Ahren & Speedinvest
#ai
sucker
5 million pounds sterling
Octopus projects
#a program
late space
250 thousand pounds sterling
Unavailable
#green technology
clean carbon
121.45 million pounds sterling
Chevron Corporation, Saudi Arabian Oil Company, Samsung Group and others
In other international investment news
Digital asset trading technology company Talos raised $105 million in Series B, valuing the company at $1.25 billion
TalosToday, the premiere provider of institutional digital asset trading technology announced a $105 million Series B Series B funding round that values the company at $1.25 billion. The round was led by global equity firm General Atlantic, with veteran investors in the areas of traditional finance and digital assets.
This funding round represents a major inflection point for the industry. We’ve heard for a long time that “institutions are coming.” “The institutions are here now, and we are extremely proud to be the digital asset trading platform of choice for leading institutions around the world,” said Anton Katz, Co-Founder and CEO of Talos. “We believe that the digital asset infrastructure will have a widespread impact on the entire financial industry, and eventually, we will see traditional asset classes transition to using this new technology as well. Our investors, who include some of the most well-known institutions on Wall Street, share this belief and we are honored to have their trust and support them.”
The company intends to leverage this capital to expand and diversify the company’s leading enterprise-grade digital asset platform that supports both buy- and sell-side businesses and seeks to accelerate Talos’ expansion in the Asia Pacific region and Europe.
The company’s customer base spans the entire digital asset ecosystem, from buy-side institutions to financial service providers, and includes brokers, dealers, prime brokers, hedge funds, banks, OTC offices, custodians, exchanges, and lenders.
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