ETH Zurich Spinoff secures seed round
Summary
DuraMon AG, the Zurich-based startup developing the worlds first precise and reliable structural health corrosion monitoring solutions for the construction industry, has completed its seed round, raising CHF 1 million. This funding will enable the startup to accelerate its market entry and streamline processes to support the scale-up phase.Reinforced concrete is widely used in large infrastructures such as tunnels, garages, and bridges, as well as in many public and private buildings. Concrete structures suffering from corrosion must be repaired in order for them to reach their expected service life, but there is currently a lack of knowledge to determine the right time of repair.Founded in 2021, DuraMon AG provides the worlds first sensor technologies and Smart Analytics solution to enable precise and reliable structural health corrosion monitoring for reinforced and prestressed concrete infrastructures. The solution allows for the early detection of deterioration processes and includes data interpretation services to facilitate cost-efficient, resource-efficient, and safe maintenance strategies.Following the competition of its Minimum Viable Product one month after incorporation, the startup secured its first contracts and has since generated growing revenues. The round also attracted SIKA a chemicals company with a leading position in developing and producing systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and motor vehicle industry as a strategic investor.