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Follow on Google News | SET - Screening Eagle Technologies raises CHF 55 million to protect the built worldScreening Eagle Technologies (SET), a cloud-based technology platform connecting sensors, software, and data for intelligent inspection of assets and infrastructure, is pleased to announce it has raised CHF 55 million in its first institutional round
The funding will accelerate Screening Eagle's growth trajectory with new product development, talent acquisition, and M&A. Our ecosystem is disrupting the traditional non-destructive testing (NDT) market with cloud-connected devices and real-time analytics software that scale with mobile computing. Subscriptions are growing at triple digits as our customers benefit from lower cost of hardware ownership and continuous state-of-the- Screening Eagle Technologies is a merger of two Tectus Group founded and funded companies – Dreamlab, a Singapore-based software and robotics company, and Proceq, a Swiss-based NDT company with a 65+ year heritage as a market leader in portable sensors. The fragmented NDT industry needs digitization and consolidation – SET intends to acquire, partner and expand in end- markets from buildings and infrastructure to energy and aerospace, connecting more sensors to our software platform to accelerate our pursuit of data-driven inspection and predictive asset healthcare. SET is a creative, innovative, and inclusive company – our team is actively recruiting talented individuals who share our vision. The funding round was led by a prominent Swiss family office (advised by JL Financial Advisory AG) with participation from EDBI, a global Asian-based investor, and other high-net-worth individuals. ***** Donald Monson CFO & Chief Strategy Officer +65 6331 4151 (Singapore) Sonia Giron Head of Marketing +41 43 355 38 00 (Switzerland) https://screeningeagle.com/ Media Contact Sonia Giron - Head of Marketing Donald Monson - CFO & Chief Strategy Officer media@screeningeagle.com +41 433553800 End
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