2 years ago

Sensoteq Secures £500,000 Loan to Expand Machine Monitoring Tech

  • Sensoteq, a Belfast-based startup developing wireless machine health monitoring technology, has secured a £500,000 loan from Whiterock Finance's Growth Finance Fund

  • The funding will be used to expand Sensoteq's workforce and develop its customer base globally

  • Sensoteq's technology monitors heavy-duty industrial machinery in various industries, including automotive, pharmaceutical, mining, energy, and waste recycling

  • The company currently employs 27 staff and plans to create 10 additional roles at its Belfast headquarters.

      • ProblemTechnology

      "Heavy-duty industrial machinery often requires expensive and time-consuming maintenance, leading to downtime and lost productivity."

      Solution

      "Sensoteq provides wireless sensor technology that monitors the health of industrial machinery, providing insights into performance and efficiency. This allows businesses to proactively schedule maintenance and avoid costly breakdowns, maximizing uptime and reducing operational costs."

      Covered on