UK – Synaptec, a Glasgow, Scotland, UK-based developer of a distributed electrical sensing (DES) fibre-optic instrumentation platform, raised £6.5M in funding.
The saw participation from Megger Group, Proserv, and Equity Gap.The company intends to use the funds to support its expansion, including development of new manufacturing facilities in Scotland. Led by CEO Dr Philip Orr, Synaptec developed and manufactured a passive solution for distributed electrical and mechanical sensing, which unifies visibility and control of power systems with speed, accuracy, range, and security. Its technology is also being used for real-time control and asset management, automating condition monitoring functions for critical MV and HV assets which are remote or inaccessible. Through its combination of expertise in photonics, electrical engineering, systems instrumentation, and analytics, its patented technologies can meet the diverse needs of customers operating systems, offshore wind farms, and private industrial systems such as railways.06/02/2024
