Synaptec Ltd
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Synaptec Ltd - overview
Established
2014
Location
Glasgow, -, UK
Primary Industry
Electronics
About
Based in Glasgow, UK, and founded in 2014, Synaptec Ltd, a. k. a. Synaptec develops sensors that measure electrical current and voltage usage using fiber-optic infrastructure installed on power networks and optical interrogations.
The company's technology helps users reduce power transmission, distribution, and renewable generation costs. In February 2024, Synaptec Ltd. raised GBP 6. 5 million in venture funding from Megger Group Limited and Proserv Group Inc.
, with participation from Equity Gap. As of July 2024, Dr. Philip Orr is the CEO of the company. Synaptec develops passive electrical sensor networks for high voltage power system monitoring.
The company’s technology, distributed electrical sensing (DES), offers a passive solution requiring no control power or data networks at the measurement points. The technology enables long-distance, secure, and cost-effective monitoring of remote and hard-to-reach power systems. Synaptec's solutions support various sectors, including power grids, renewables, and industrial applications. The firm provides advanced instrumentation for digital substations, condition monitoring, and wide-area protection, facilitating real-time visibility and control across power networks.
The company plans to use its proceeds from February 2024 funding to accelerate the development of its management and operation.
Current Investors
Equity Gap, University of Strathclyde, Scottish Enterprise
Primary Industry
Electronics
Sub Industries
Electronic Components, Electronic Coils & Transformers
Website
www.synapt.ec
Verticals
Clean Technology
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
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