RO Capital Partners (“ROCP”), the venture capital arm of the RO group, announces that it has led a round of investments in InferSens (or “the company”) together with the Oxford Innovation Fund and Bruce Melizan, the former CEO Interserve Division Support Services Delegate. ROCP’s contribution includes £ 309,000 of the total of £ 870,000 raised, which will be used as growth capital and to bring the product to market.
InferSens is a revolutionary liquid sensor company for artificial intelligence and machine learning that generates meaningful, real-time and easily accessible data. It can non-invasively monitor the flow of any liquid in the pipes and has made great strides in reducing the cost of such technology. The technology involves a small sensor that is installed on a pipe.
The activity is of particular interest to building owners who are legally required to control the flow of water in the buildings for Legionella, with a fixed monthly fee charged per sensor. Historically, the control of Legionella has involved the manual monitoring of water discharges, a laborious and costly process for the environment.
InferSens’ product can be deployed on pipelines of any size, including national infrastructure, providing a clear growth path for the business and seamlessly intersects machine learning, the Internet of Things (IoT) and clean technology. The ability to reduce manual flow testing in pipes greatly reduces the flow rate of waste, which means the technology will significantly increase environmental and sustainability scores for its users.
Edward Rowlandson, Group Managing Director, RO, said:
“As the owners of a large and diverse real estate portfolio, InferSens immediately stood out. We are thrilled to invest in the company and its world-class management team to bring to market a product that we believe will transform plant management and for which we can see a range of broader applications, setting new levels of environmental efficiency and waste reduction. “
Colin Payne, CEO of InferSens, commented:
“I am delighted that InferSens has been oversubscribed for its funding round; a true recognition of our cutting-edge technology at the IoT sensing and machine learning interface on the device. This key milestone for the company will enable the commercial launch of our ML-powered flow and temperature sensing technology, initially aimed at the major global challenge of protecting buildings from Legionella. We have been fortunate to attract a stellar mix of engaged investors, including experts in the mobile communications, real estate development, facilities management, corporate finance and technology start-up industries, eager to work with us to help us achieve the our ambitious goals. “
Mark Purnell, President of InferSens added:
“I am extremely proud to be a founding member of the InferSens team and the many significant achievements we have achieved since the beginning. Navigating successfully and securing this major round of funding is the latest such achievement and we are thrilled to embark on the next phase of our fantastic journey with the support of such a multi-talented lineup of impressive investors. “
Bruce Melizan concluded:
“I am extremely impressed with the InferSens team and their exceptional invention. A tremendous amount of transformation opportunities are being unleashed by the power of AI and IoT and InferSens has grasped its full practical potential and developed a tiny, highly cost-effective smart sensor that has the real ability to dramatically improve costs, efficiency and compliance of a vital aspect of FM’s daily operations: the control of Legionella bacteria in engineered water systems. I can’t wait to be part of the exciting InferSens journey. “
For more information please visit www.rogroup.co.uk or contact:
Edward Rowlandson, Group General Manager, RO
Steve White, Group Commercial Director, RO
Tel: +44 (0) 1707 601 400
John West / Llew Angus, Belvedere Communications
Tel: +44 (0) 203 687 2756
RO is a family-owned group of companies founded in 1932. RO has always invested in a broad range of interests that today encompass commercial property, construction, vacation accommodation and venture capital.
RO Real Estate, the division of commercial real estate, has built over 1.1 million square feet to date and currently manages over 300,000 square feet of office, industrial, retail and hotel housing. All acquisitions are funded through existing cash resources, meaning the RO is able to move quickly if the appropriate investment criteria are met.
Award-winning RO home builder Metis Homes builds modern homes with traditional values and has created a diverse portfolio of high-quality, bespoke homes in prime locations, from traditional properties in rural settings to contemporary inner city schemes.
RO Capital Partners is the venture capital arm of the Group. Capital Partners is an active, early-stage investment partner primarily focused on: Proptech (the use of technology to innovate the built environment and real estate market); Cleantech (solutions that address the challenges of environmental sustainability and the transition to a low-carbon economy); and Fintech (the disruption of traditional business models in financial services).
RO Land was founded in 2020 to build on the group’s existing successes in land acquisition and planning. Its goal is to add value to the territory, unlocking its development potential. Promote greenfield and brownfield sites for a wide range of uses, including residential, commercial and alternative such as renewable energy. He has a long-term investment approach that allows him to unblock sites that might be considered too difficult by other promoters.
For more information on InferSens please visit https://www.infersens.com/
InferSens Secures £ 870,000 Pre-Seed Investment Led by RO Capital Partners – UK Technology Investment News
Source link InferSens Secures £ 870,000 Pre-Seed Investment Led by RO Capital Partners – UK Technology Investment News