EpiSensor, a Limerick, Ireland-based company that develops wireless sensor technology designed to reduce energy costs, has raised €850k.
The funding has been provided by the Bank of Ireland Start-up and Emerging Sectors Equity Fund, managed by Delta Partners, the AIB Seed Capital Fund, co-managed by Enterprise Equity, Enterprise Ireland and other private investors.
The company intends to use the capital to recruit ten highly skilled individuals with experience of doing business internationally in the area of sales and development.
Founded in 2007 by CEO Gary Carroll and and Brendan Carroll, EpiSensor has developed wireless technology platform (SiCA), which is designed to reduce energy usage and costs by providing data from wireless energy sensors that show where energy savings can be made. It serves organizations in the pharmaceutical, medical devices, food processing and manufacturing industries.
Among the others, customers include IBM, Johnson & Johnson and Citigroup.
EpiSensor products have been deployed and are operating in several locations across Europe, Australasia and North America.