Synaptec Raises £6.5M for Expansion of Electrical Sensing Platform
Synaptec, a Glasgow, Scotland, UK-based developer of a distributed electrical sensing (DES) fibre-optic instrumentation platform, recently announced that it has raised £6.5M in funding. The funding round saw participation from Megger Group, Proserv, and Equity Gap. The company intends to utilize the funds to support its expansion plans, including the development of new manufacturing facilities in Scotland. Led by CEO Dr Philip Orr, Synaptec has emerged as a leading player in the field of distributed electrical and mechanical sensing, offering a passive solution that combines power system visibility and control with speed, accuracy, range, and security.
The innovative technology developed by Synaptec not only provides real-time control and asset management but also automates condition monitoring functions for critical MV and HV assets that are remote or inaccessible.
This technology holds immense potential in various sectors, including offshore wind farms, private industrial systems such as railways, and systems operating in challenging environments. By leveraging its expertise in photonics, electrical engineering, systems instrumentation, and analytics, Synaptec has been able to develop patented technologies that cater to the diverse needs of its customers.
With the funding raised, Synaptec is focusing on further expanding its operations and strengthening its manufacturing capabilities in Scotland. The new manufacturing facilities will enable the company to meet the growing demand for its DES fibre-optic instrumentation platform, positioning it as a key player in the market. Synaptec's commitment to innovation and its ability to provide reliable solutions for power systems make it a promising company in the field of electrical sensing and control technology.
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