Pulse Industrial Announces New Round of Investment Capital
Pulse continues to accelerate digital transformation of industrial systems with AI-enabled steam trap failure detection diagnostics.
WATERLOO, ON - March 28, 2023 (Newswire.com)
Pulse Industrial is pleased to announce a new round of financing led by Momenta, the leading digital industry venture capital + growth firm. Their investments focus on accelerating digital innovators to transform critical industries. Momenta was joined by co-investors Celtic House Asia Partners and SOSV, who supported Pulse in its initial stages, and Phoenix VP as a new investor to the company.
"Pulse Industrial is a perfect example of our digital industry investment thesis: using digital solutions to transform industrial heating creating significant outcomes in efficiency, safety and sustainability. We are proud to expand our investment in Pulse Industrial and to support the team in creating the future of industrial heating," said Ken Forster, Executive Director of Momenta.
Pulse Industrial is an AI industrial tech company that has developed the most accurate industrial equipment monitoring solution on the market. They won the prestigious Velocity award for innovation at the University of Waterloo a mere five years ago and since that time, has expanded the company to over 30 employees and installed thousands of monitors in some of the largest food and beverage, chemical, and pulp and paper manufacturers plus hospitals, universities and more, throughout North America.
This investment will help them continue to advance research and development to ensure the offering remains the leading solution on the market and has the resilience and flexibility to be utilized in all environments. Additionally, this investment will be used to integrate valuable partnerships to expand coverage to all areas in North America and beyond. Steam is an essential clean energy source for many progressive organizations focused on their ESG initiatives. The Pulse steam trap failure detection solution ensures steam systems are functioning at peak performance while reducing CO2 emissions significantly.
This is the flagship product offering from Pulse Industrial, "We aim to be a driving force as part of a diverse set of technology leaders focused on making sustainable choices the preferred option for organizations around the world," added Pulse founder and CEO Thomas Uhlenbruck.
About Pulse Industrial:
Pulse Industrial has developed a groundbreaking Artificial Intelligence platform for their IoT products that provides advanced accuracy in both diagnostics and reporting for industrial equipment failure monitoring. Utilizing easy-to-install, wireless, smart monitors over LoRaWAN networks, Pulse cloud solutions deliver failure alerts through email and dashboard in real time to improve plant and building efficiency, decrease downtime, and optimize equipment functionality.
Pulse is challenging industry sector paradigms with digital transformation providing unparalleled environmental and safety benefits. Pulse's innovative technology yields enormous cost savings for a wide variety of industries, such as manufacturing, pharmaceutical, hospitals, universities, and food & beverage. Pulse is committed to environmental sustainability, diversity and equity in the workplace, and building trusted relationships with their customers. Further information can be found at www.pulseindustrial.com