Syrinix, the water trunk main monitoring specialist, has secured £575,000 of fresh investment to fund its expansion nationally and internationally.
Based at the world‐class Hethel Engineering Centre near Norwich, Syrinix helps avoid major water mains bursts, preventing significant damage and disruption. Syrinix’s technology includes vibration sensor applications for monitoring trunk water mains so transforming water utilities’ maintenance of these key pipeline assets.‐abating pressure transient detection technology.
Dr Paul Linford, the founder of Syrinix and its Chief Technical Officer, has led the development of the company’s “TrunkMinder” technology. TrunkMinder provides 24/7 monitoring of trunk water mains and notifies utility clients of small leaks appearing in those mains before major bursts occur. After completing trials successfully, and with related products under development, Syrinix is now ready to accelerate its business development in the UK and beyond.
Founded in 2004, Syrinix was initially funded by Iceni Seedcorn Fund LLP and the University of East Anglia (UEA). In 2008, the Company received additional funding from Carbon Connections , a Development Fund operated by the Low Carbon Innovation Centre (LCIC) at UEA, , to support the development of its carbon
The £575,000 new funding has been raised from Iceni, Carbon Connections, the London Business Angels EIS Roundtable Fund (2009) as well as a number of other individual “angel” investors including from the London Business School “Enterprise 100” group.
James Dunning, the newly appointed CEO of Syrinix, commented:
“This new investment transforms Syrinix into a company able to make its mark on the UK market and beyond. The support we have had from our founding investors, UEA, Carbon Connections and the Iceni Seedcorn Fund, has been superb. With that, and the calibre of new investors now also supporting us, we can look ahead to realising the Company’s exciting potential in supporting the management of water as an increasingly precious resource.”
Valerie Jolliffe, of Iceni, commented:
“We first invested in Syrinix in 2004. Applying Dr Paul Linford’s world class technical excellence, we have watched the company develop its products to become market leading in their water trunk main monitoring capabilities. We are delighted to be joining in this new funding for the company as it looks to realise its potential in the increasingly dynamic water‐management sector”.
Dr Jon Carter, of UEA, commented:
“The success of Syrinix in securing this additional finance underlines what a core role Universities can perform in supporting technology development in this country. It is tremendous to see Syrinix move forward so positively and we look forward to watching it grow further from here”.
