Syrinix secures a Future Fund matched investment led by GWC.
GWC led the convertible loan note to support the company expansion in the US market.
Syrinix combines network monitoring hardware with a cloud platform to help utilities monitor water networks and reduce pipeline leaks.
GWC has led a Future Fund matched convertible loan note into water technology and data company Syrinix.
The funding will be directed towards driving commercial traction in the US market and integrating high resolution pressure monitoring with leak detection within the company proprietary IoT RADAR system.
Chief executive James Dunning noted that the injection of capital arrives as pandemic pressures accelerate innovation adoption across the sector, helping the firm solidify its market position.
From the founder
"With COVID-19 pressures accelerating data analysis and innovation adoption across the water sector, this round allows Syrinix to extend its market leading position in helping utilities reduce leaks and bursts and extend pipeline lifetimes."
James Dunning
CEO at Syrinix
Investor perspective
"We are very pleased to be associated with Syrinix and the important work it is doing for the water industry."
Ian Leigh
CEO and Founder, GWC
Use of funds
- 01Expand into international markets
- 02Continue product development