Perceptual Robotics secures £1.6m seed follow on funding led by TSP Ventures to scale operations.
TSP Ventures led the seed follow on round, which included participation from Humble Holdings and Metavallon.
Perceptual Robotics uses drones, robotics and machine learning to deliver autonomous infrastructure inspections, initially focusing on wind turbines. Founded in Bristol, the firm also operates an office in Athens.
Perceptual Robotics has raised £1.6m in a seed follow on funding round led by TSP Ventures. The capital will support the company as it expands its team and scales operations internationally. Additional backing came from Humble Holdings, Metavallon, and strategic angel investors.
The firm applies advanced robotics and machine learning to automate infrastructure checks, beginning with wind turbines. Operating from bases in Bristol and Athens, the business serves major international energy operators.
From the founder
"we are delighted to have raised our latest round, led by TSP Ventures. We have had growing revenues and this new funding will allow us to increase headcount, continue to mature our groundbreaking technology and drive the scale of our sales and marketing activities on the back of our recent successful programmes with clients across Europe. We are fortunate to have been supported in our early funding rounds by Metavallon and with the addition of TSP, Humble Ventures and Angels with deep sector knowledge, we feel we have a very strong investor-base who complement each other well. We are growing our team with system engineers and sales engineers and are looking for exceptional people to join us in Athens and Bristol. We are in a good position to provide excellent services to our clients and new automations for the wind and other industries. The future is both bright and exciting"
Kostas Karachalios
CEO at Perceptual Robotics
Investor perspective
"we are delighted to be joining the team at Perceptual Robotics. Their mission, to reduce costs and improve efficiencies in the wind turbine inspection market, is helping the whole of the wind industry become more efficient and cost effective. At TSP, we love enabling technologies that can help accelerate the transition to renewable energy and a cleaner future for our planet. We look forward to supporting Kostas and the rest of the team as they scale operations internationally."
Chris Smith
CEO, TSP Ventures
Use of funds
- 01Grow the team
- 02Invest in sales and marketing
- 03Expand into international markets
Investors
Categories
About the company
Perceptual Robotics
Perceptual Robotics builds automated drone and machine learning systems for wind turbine inspections.