Tribosonics Raises £1.5M in Funding

Tribosonics

Tribosonics, a Sheffield, UK-based IIOT company, raised £1.5M in funding.

The round was led by NPIF – Mercia Equity Finance, and Mercia’s EIS funds.

The company intends to use the funds to further develop its ‘sensing as a service’ solutions including polymerSENSE, which helps to reduce waste in the polymer and plastics recycling industry.

Tribosonics, headed by Glenn Fletcher as CEO, is a smart sensor technology company that creates value and drives sustainability for industrial customers in manufacturing and energy. Tribosonics uses sensors embedded in moving parts to monitor conditions such as temperature, pressure, and friction. It uses advanced analytics to provide real-time data that companies can use to improve their process efficiency, extend the life of plants, and reduce maintenance costs.

The company has attracted a worldwide client base, including ENGEL (a world-market leader for injection molding) and Novares (an automotive parts manufacturer Novares), among others.

 

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