Pulse Industrial secures $3.5 million from SDTC to improve safety in industrial plants
Summary
Founded in 2018, Kitchener-Waterloo based Pulse uses artificial intelligence (AI) and Internet of Things (IoT) technology designed to improve safety and reduce fuel consumption in industrial plants. Pulse said steam traps are known to fault frequently, and undetected failures are one of the largest inefficiencies plants experience. The company’s monitoring process is done continuously and uses temperature, vibration, and ultrasound to generate an accurate reading. Backed by fresh financing from SDTC, Pulse intends to improve its data processing system to provide better analysis for steam trap leaks and prevent costly downtime on manufacturing and other industrial floors. According to SDTC, these companies were chosen for their excellence in developing and deploying new technologies with the potential to “transform the environmental and economic prosperity of Canada.” Pulse previously raised $2.4 million CAD ($1.9 million USD) from the GreenSky Accelerator Fund III Momenta Partners, SOSV, Celtic House Asian Partners, and First Inflection.