Tribosonics secures £1.1m from Mercia to expand team and develop sensing technology
The Sheffield-based smart sensors business secured backing from NPIF to scale its operations and product development.
Tribosonics embeds smart sensors within industrial machinery to monitor friction, pressure and temperature in real time. The company helps clients across manufacturing, energy and transport improve efficiency and extend plant life.
Sheffield-based smart sensors business Tribosonics has raised £1.1m in a seed funding round from Mercia through the Northern Powerhouse Investment Fund. The capital will enable the firm to expand its headcount and accelerate product development as it targets global commercial growth.
Founded to tackle industrial friction and wear through embedded ultrasonic measurement technology, the company serves sectors ranging from manufacturing to power generation. Sarah Sandle of Rolls-Royce joins the business as Chair as part of the transaction.
From the founder
"We are delighted to receive the backing of Mercia and NPIF. Mercia has a great track record in backing innovative tech companies. We are a proud Sheffield business, flying the flag for Northern innovation, cutting edge engineering, and transformational IOT solutions."
Glenn Fletcher
CEO at Tribosonics
Use of funds
- 01Grow the team
- 02Continue product development
Investors
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About the company
Tribosonics
Tribosonics creates smart sensor technology to reduce wear and tear in industrial machinery.