Megger Group
Assembly Line
Power grids instrumentation specialist Synaptec raises £6.5M to fund expansion plans
Synaptec Ltd, a leading innovator in monitoring and protection solutions for power network operators, has raised over £6.5M in funding to support its rapid expansion, including development of new manufacturing facilities in Scotland.
Established in 2014, Synaptec was the original developer of the Distributed Electrical Sensing (DES) fibre-optic instrumentation platform that enables voltage and current to be measured cost-effectively throughout power networks. Synaptec’s technology now underpins a range of monitoring and protection products deployed across the power grids, renewables, and industrial sectors.
Renowned test and measurement experts Megger Group were a significant investor in the round, with existing shareholders Proserv, and Equity Gap also participating. Synaptec also enjoys the ongoing support of existing investors the University of Strathclyde, Scottish Enterprise and Foresight who remain key shareholders.