EpiSensor to create 10 jobs thanks to €850k investment

A Limerick-based tech start-up called EpiSensor has received funding of €850,000, which will enable it to create ten new jobs and grow sales in international markets.

EpiSensor has grown rapidly since it was founded in 2007. Its wireless technology platform (SiCA) reduces energy usage and costs by providing data from wireless energy sensors that show where energy savings can be made.

With the system designed and manufactured in Ireland, EpiSensor has helped organisations in the pharmaceutical, medical devices, food processing and manufacturing industries to significantly reduce energy costs and the technology has proven to pay for itself within the first year.

Currently its systems have been installed in some of the world’s largest companies including IBM, Johnson & Johnson and Citigroup. The technology is presently monitoring 40 sites in Australia, more than 100 homes in Ireland, with customers also in the US, Switzerland, New Zealand and Hungary.

Regarding the jobs being created, EpiSensor will be recruiting “highly skilled individuals capable of operating to the highest standard with experience of doing business internationally”.

Wireless energy monitoring potential
“The global potential for wireless energy monitoring systems is enormous,” said EpiSensor founder and chief executive Gary Carroll.

“Energy prices are rising and for organisations to control energy costs, they first need visibility of where and when energy is being used within their organisation. We provide accurate real-time energy usage data allowing our customers to make informed decisions to improve efficiency and reduce costs.”

The syndicated funding has been provided by the Bank of Ireland Start-up and Emerging Sectors Equity Fund, managed by Delta Partners, the AIB Seed Capital Fund, co-managed by Enterprise Equity, Enterprise Ireland and private investors.

Posted in Energy, News

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