SKion Water has backed SouthWestSensor in a Series A round to drive commercialisation of its sensor platform.
"We are absolutely delighted to welcome SKion Water on board, a highly respected investor with a shared vision of the pivotal role that advanced sensing solutions will play in improved water management and digitisation of this key industry. Apart from the investment itself and SKion’s top-notch domain experience, we are already seeing the benefits of working with SKion’s portfolio companies, having just completed a 3-months sensor deployment with one of them. This provides a strong basis for further growth and integrated product and service offerings to reach our ambitious short and mid-term commercial goals. I would like to thank SWS founder, Dr. Xize Niu, our excellent team and previous Seed Round investors."
The investment round was led by NatWest with support from Quilam Capital to fuel the company growth and consumer lending targets.
"Updraft has performed incredibly well in 2021 and we’ve seen a real acceleration in growth in just the past few months. Our customers love the solution we provide and we are determined to help even more people with this new investment."
Henley Business Angels and previous backers provided seed follow-on capital to fund product development and market expansion.
"Businesses – particularly small and medium businesses with limited security budgets or expertise – are increasingly exposed to the risks of cyberattacks and data breaches. This investment, combined with the wealth of expertise that our new investors bring to the team will enable us to protect more businesses."
The investment from Mercia will fund cloud software development and international expansion.
"The impact of our Cell Site Analysis Suite (CSAS) was demonstrated most recently through the results CSAS delivered for the Metropolitan Police Service to disrupt county lines."
