Ecocentric raises funds and prepares for ioT takeoff

Energy systems monitoring company Ecocentric is preparing to manufacture its Numen device that connects a building’s sensors and electrical equipment with the cloud after a novel fundraising effort.

The Perth company has just completed an equity crowdfunding campaign which has netted $400,000 from 150 small investors, according to reports.

This matches $3.2 million raised through conventional investment channels.

Equity crowdfunding was legalised in 2018 and esentially allows mum and day investors to invest in start-ups at the same price as institutional, angel and other high net worth investors.

Mnufacturing will satisfy first orders for Ecocentric’s Numen AI analytics platform which learns the energy usage patterns of your building to predict faults for pre-emptive maintenance and efficiency improvement.

Developed in association with CSIRO’s Data 61, the system detects electrical arcing which often precedes electrical fires.

Ecocentric says: “(The) Numen technology provides early warning fire detection capability.

“With its customisable user interface, (it) can alert occupants, building managers or even emergency services to potential hazard via a smartphone app or computer, long before an electrical arc turns into a fire.”

The system connects a customer’s entire device portfolio via the industrial internet of things to its cloud based AI Data Hub.

A CSIRO White Paper, electrical series arc detection using continuous wavelet transforms, can be accessed here.

Picture: Ecocentric

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