Location: Bergen, Norway Growth Phase: Early
Funding Needs (NOK): MIN: 10 000 000 – MAX: 15 000 000
The Business Idea
State-of-the-art wireless sensors for the process industry for improved maintenance predication. Trisense develops wireless sensors for the processing industry and contributes to increased competitiveness from better monitoring and maintenance predication = reduced maintenance costs and improved HSE for potentially the entire process industry.
The management team has experience from other successful start-ups.
The Market Potential
We provide sensors for several applications like Corrosion Under Insulation, Valve Monitoring and environmental monitoring in Explosion proof enclosures. Just within the CUI market (Corrosion Under Insulation), there is a vast market emerging for wireless sensors used for CUI predication. Addressable market (CUI only) is estimated to be + 1 Billion NOK/yr. and increasing rapidly. The benefits from remote valve monitoring amid the ongoing Industry 4.0 transformation have propelled the remote monitoring and control market onto a steady growth trajectory with a CAGR of 4.5%. It is expected to reach $27 billion (€24.5 billion) by 2023 globally. Trisense will launch product(s) for this application area in year 2021 and will focus on rapid global growth. Our markets served are Energy (Oil&Gas), Chemical Industries, Pharmaceutical Industry, Waterworks and Aquaculture.
New funds will be securing planned development and completion of additional sensors plus data handling platforms connected to our sensors allowing sale of sensor data as a service, and thereby providing recurring revenues.
Learn more about how we are solving the Billion-dollar-problem by applying our sensor technology and how the company has embarked on a journey for rapid growth.
For further interest, we are happy to provide you with our prepared ‘Investor Presentation’, please then contact Mr. Jørn Sandø.