Perceptual Robotics announces a new £1.6 million funding round
Perceptual Robotics is excited to announce its latest funding round led by TSP Ventures, an early stage Venture Capital Fund supporting exceptional businesses focusing on climate and environmental technologies. The round is joined by Humble Holdings, an impact investments firm, existing investors Metavallon VC and other strategic angel investors.
Perceptual Robotics uses drones, advanced robotics and Machine Learning to provide fully autonomous inspections of infrastructure, starting with wind turbines. These inspections identify and analyse defects with greater consistency, greater reliability and reduced costs when compared to current methods. The company has been developing their hardware and software capabilities since 2016 when it was founded at the Bristol Robotics Laboratory, while today it also operates from its Athens office. Perceptual Robotics are now carrying out autonomous inspections for some of the largest wind turbine operators in the world.
Chris Smith, CEO at TSP Ventures said, "we are delighted to be joining the team at Perceptual Robotics. Their mission, to reduce costs and improve efficiencies in the wind turbine inspection market, is helping the whole of the wind industry become more efficient and cost effective. At TSP, we love enabling technologies that can help accelerate the transition to renewable energy and a cleaner future for our planet. We look forward to supporting Kostas and the rest of the team as they scale operations internationally."
Kostas Karachalios, CEO of Perceptual Robotics said, "we are delighted to have raised our latest round, led by TSP Ventures. We have had growing revenues and this new funding will allow us to increase headcount, continue to mature our groundbreaking technology and drive the scale of our sales and marketing activities on the back of our recent successful programmes with clients across Europe. We are fortunate to have been supported in our early funding rounds by Metavallon and with the addition of TSP, Humble Ventures and Angels with deep sector knowledge, we feel we have a very strong investor-base who complement each other well. We are growing our team with system engineers and sales engineers and are looking for exceptional people to join us in Athens and Bristol. We are in a good position to provide excellent services to our clients and new automations for the wind and other industries. The future is both bright and exciting".
About TSP Ventures
TSP Ventures is an early-stage venture firm focusing on climate and environmental technologies. For more information, visit www.tspventures.co.uk
About Perceptual Robotics
Perceptual Robotics is developing drones and computer vision algorithms for the autonomous detection and analysis of faults on large infrastructure. Their first product Dhalion, is an industry leading autonomous drone for wind turbine inspection. Dhalion brings full end to end inspection capabilities to the market, from data acquisition to defect identification. For more information about Perceptual Robotics, visit www.perceptual-robotics.com
Another completed project
We've just wrapped up a 65 turbine project across the north of the UK. Thanks to the excellent work from the team and support from the client for a smooth implementation. The autonomous drone and AI processing made the process a breeze despite wind, snow and a global pandemic. With many more projects scheduled for 2021, fingers crossed for sunshine!