Belfast sensor company bags £3M investment from Maven Capital

A Belfast tech company has won £3.1 worth of investment to grow its wireless sensor business across the globe.
Sensoteq won the backing of a funding round led by private equity house Maven Capital Partners and which also included backing to the tune of £600,000 from TechStart Ventures, the seed funders which have a portfolio of investment across Northern Ireland Scotland.
Sensoteq’s sensors are used to monitoring wearing parts of industrial equipment in factories, production lines and other situations. It removes the need for manual inspection, allowing for remote and continuous monitoring in some of the harshest industrial environments and hazardous locations. It enables compan …