Tribosonics Raises £1.5M in Funding

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

The round was led by NPIF – Mercia Equity Finance, 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 inThe polymer and plastics industry.

LedCEO Glenn Fletcher, TribosonicsA smart sensing technology company that uses sensing technology to create value and drive sustainability in its industrial customers inThe manufacturing, energy, and transportation industries. Tribosonics embeds sensors within the moving parts of machinery to monitor factors such as friction, pressure and temperature. ItSystems include advanced analytics and provide data inReal-time assistance to companies in improving process efficiency, prolonging plant life, and reducing maintenance and energy consumption. 

TheThe company has attracted a global client group, including ENGEL. This is a world-market leader. inInjection molding and automobile parts manufacturer Novares.



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