Perceptual Robotics, a Bristol startup develops drones and computer vision algorithms for the autonomous detection and analysis of faults on large infrastructure. Now, the startup announced that it closed £1.6 million in a new funding round.
The investment round was led by TSP Ventures, an early-stage Venture Capital Fund that supports businesses focusing on climate and environmental technologies. Also, Humble Holdings, an impact investments firm, existing investors Metavallon VC and other strategic angel investors participated in the round.
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”.
Autonomous inspections made possible
Founded in 2016 at the Bristol Robotics Laboratory, 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.
Operating from its Athens office, Perceptual Robotics is now carrying out autonomous inspections for some of the largest wind turbine operators in the world. 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.