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Semiconductors Series A Founded 2014

Synaptec

Synaptec develops optical fiber-based sensors to measure voltage and current, producing the world's only passive electrical sensor networks for high voltage power system monitoring. The company's Distributed Electrical Sensing (DES) technology requires no control power, data networks, or expensive civil works at measurement points, enabling affordable and granular instrumentation of remote circuits. Synaptec's…

📍 Glasgow, United Kingdom · Sensors,

Funding snapshot

Last roundSeries A
Amount$8M
Date6 February 2024
Total raised$12M
Valuation18,047,110 (Sep 15, 2022)
Team size42

About

Synaptec develops optical fiber-based sensors to measure voltage and current, producing the world's only passive electrical sensor networks for high voltage power system monitoring. The company's Distributed Electrical Sensing (DES) technology requires no control power, data networks, or expensive civil works at measurement points, enabling affordable and granular instrumentation of remote circuits. Synaptec's Greenlight platform provides early warnings of cable network damage and failure. Founded in 2014 and headquartered in Glasgow, United Kingdom, the company has raised approximately $12.4M in Series A funding. Synaptec differentiates itself through its completely passive solution that is highly secure and interrogable over long distances, providing wide-area synchronous measurements throughout power networks. The technology serves power grids and offshore wind sectors, enabling digital substations, grid protection, automated condition monitoring, and distributed power quality monitoring.

Business model

Internet of Things Infrastructure > IoT Devices > Sensors,

Smart Grid > Grid Management > Grid Network Monitoring > Diversified,

Sensors > Industry Applications > Energy

Institutional investors

Equity Gap Anderson Strathern Foresight Group Europa Foresight Williams Megger Proserv Scottish Enterprise University of Strathclyde Ian Marchant Nigel Ellis

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