Apr 28, 2021

Toronto – April 28, 2021 PULSE Industrial, producers of an advanced IoT solution for the continuous monitoring and predictive maintenance of steam traps, has closed a US$1.9 million financing round. Investors were the GreenSky Accelerator Fund III managed by GreenSky Capital, Momenta Partners, SOSV, Celtic House Asian Partners, and First Inflection. PULSE’s press release can be found  here . The current industry standard for steam trap measurement relies on scheduled human inspections with the use of specialized ultrasonic “listening” equipment and can miss steam trap failures and current IoT monitoring solutions are not cost-effective. PULSE has developed a hardware monitor that is inexpensive, non-invasive, accurate, long-lasting, and offers continuous long-range connectivity while not requiring line of sight and while operating without interfering with wireless infrastructure. PULSE will use the proceeds of this raise to ramp up sales, support further product development, increase manufacturing capabilities, execute projects around software scalability, and grow its technical and sales teams. “Pulse Industrial began as a mission to bring AI and electronics to solve an environmental problem,” said Thomas Uhlenbruck, PULSE’s CEO. “There’s a large appetite now to digitize industrial environments, and with today’s available technology in AI and long-range communications, we have the potential to put out smart sensors at unprecedented scales for benefits like reducing CO2 emissions and improving safety. GreenSky Managing Partner Greg Stewart said, “As a protectable IP business that measurably improves the economics of industrial and infrastructure customers, PULSE is very much in GreenSky’s ‘sweet spot,’ and Thomas and his team are some of the strongest young founders we have come across. We are thrilled to be along for their journey, particularly with this strong group of co-investors.”  Media Contacts