£1.6m for AI drones checking wind turbines
Perceptual Robotics uses drones, advanced robotics and Machine Learning to provide fully autonomous inspections of infrastructure, starting with wind turbines. The 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.
The 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 in the UK, 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.
The funding is led by TSP Ventures, an early stage Venture Capital Fund along with Humble Holdings, an impact investments firm, existing investors Metavallon VC and other strategic angel investors.
“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,” said Kostas Karachalios, CEO of Perceptual Robotics. “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 delighted to be joining the team at Perceptual Robotics,” said Chris Smith, CEO at TSP Ventures. “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.”
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