£1.6 million investment secured by Bristol robotics company Perceptual Robotics
A Bristol-based robotics company that provides inspection for wind turbines has secured a reported £1.6 million in its latest funding round. Led by TSP Ventures alongside Greek technology VC Metavallon and other Angel investors. Perceptual Robotics uses drones, advanced robotics and machine learning to provide fully-autonomous inspections of wind turbines. These inspections identify and analyse defects with greater consistency, reliability and reduced costs when compared to current methods, the company says.
Perceptual Robotics has been developing its hardware and software capabilities since 2016 when it was founded at the Bristol Robotics Laboratory and is now carrying out autonomous inspections for some of the largest wind turbine operators in the world.
Chris Smith, CEO at TSP Ventures said, “Perceptual Robotics' 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 raise 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 and Angels with deep sector knowledge, we feel we have a very strong investor-base who complement each other well. We are in a good position to provide excellent services to our clients and new automations for the wind and other industries."
