Published: 14 July 2020 14 July 2020
Ping Services has announced it has raised a $1.3 million Seed funding round, bringing onboard new investors including Artesian. The round, which brings Ping’s total funding to $2.25 million, adds to private investor and government investment in pre-seed funding rounds via the Australian Government Accelerating Commercialisation Grant and South Australian Government Research, Commercialisation and Startup Fund.
Ping will use the investment to accelerate its global customer growth and scale the manufacture of Ping Monitor. Ping Monitor is a device which autonomously detects wind turbine blade damage. The device magnetically attaches to individual wind turbine towers and collects data, alerting maintenance staff when an anomaly in sound is detected via simple dashboarding.