Trameto, the developer of micro energy harvesting solutions, announced today the closing of a seed round of funding and the award of a substantial grant from Innovate-UK. The seed financing was led by Development Banc Wales and Swansea Innovations.
The company plans to use the funding to further develop its semiconductor devices that will enable autonomous micro energy harvesting from any form of ambient energy such as light, vibrations and thermal gradients. Industry analysts Semico Research forecast that the semiconductor content within this market will be worth more than $3 billion by 2020.
“Trameto’s product will enable the elimination of batteries from the rapid proliferation of multitudes of interconnected smart sensors and autonomous wireless devices that can communicate with each other in the Internet of Things”, said Huw Davies, CEO and co-founder of Trameto. “We are addressing opportunities in markets such as infrastructure monitoring, asset tracking, smart agriculture, defence, wearables, healthcare, and smart metering.”
“Developments within the Internet of Things are creating the need for low-maintenance, extremely long lifetime autonomous wireless devices that incorporate very low power sensors. For such devices within the Internet of Things there is a huge desire to eliminate the dependence on battery operation to facilitate “self-sustaining” or “fit and forget” systems”, added Richard Thompson, Investment Executive at Development Bank of Wales.
“Furthermore, enhancements in the energy and power density of transducers are further enabling micro energy harvesting adoption”, said Gerry Ronan, Managing Director at Swansea Innovations. “Trameto’s unique universal, multi-source and multi-node power management devices will enable this opportunity.”