{"id":8766,"date":"2024-02-05T15:37:39","date_gmt":"2024-02-05T05:37:39","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=8766"},"modified":"2024-02-05T15:37:39","modified_gmt":"2024-02-05T05:37:39","slug":"tended-geofencing-technology-raises-1-5-million-under-eis-in-an-oversubscribed-round-through-wealth-club","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=8766","title":{"rendered":"\u2018Tended\u2019 geofencing technology raises \u00a31.5 million under EIS in an oversubscribed round through Wealth Club"},"content":{"rendered":"

Dubbed \u2018Google Maps for heavy industry\u2019,\u00a0Tended<\/a>\u2019s\u00a0\u00a0advanced\u00a0geofencing technology\u00a0is currently used across the rail industry by leading organisations\u00a0such as\u00a0Network Rail, Siemens, Morgan Sindall and Amey to improve safety. Tended\u00a0successfully\u00a0closed\u00a0out\u00a0the \u00a31.5 million EIS round with Wealth Club with participation from existing investor\u00a0Blackfinch\u00a0Ventures.\u00a0<\/p>\n

With\u00a0Tended\u2019s\u00a0solution, which uses Global Navigation Satellite System (GNSS) and real time kinematics (RTK) to provide location to within 1cm, managers can set \u2018safe\u2019 and \u2018unsafe\u2019 locations on an easy-to-use dashboard. Meanwhile, high-precision wearables pinpoint where workers\u00a0and other physical assets\u00a0are located,\u00a0and can\u00a0alert\u00a0users\u00a0if they are unsafe.\u00a0<\/p>\n

Tended\u2019s\u00a0commitment\u00a0to workplace safety was internationally recognised when its product was featured in Time Magazine\u2019s Best Inventions of 2023 list. This recognition illustrates the type of impactful technological solutions\u00a0Blackfinch\u00a0Ventures and Wealth Club\u00a0aims to support through its investments.<\/p>\n

In January,\u00a0Siemens\u00a0Mobility announced that it would be\u00a0rolling out\u00a0Tended\u2019s\u00a0technology across the UK following a successful six month pilot\u00a0and\u00a0small-scale\u00a0deployments in the South West,\u00a0where the teams were impressed by its suitability for the varied and complex projects.\u00a0.\u00a0Following on from its success in the rail sector,\u00a0Tended is also targeting other heavy industries including Highways and Utilities.\u00a0Tended is\u00a0now\u00a0working in partnership with the European Space Agency\u00a0on the next generation of its product.<\/p>\n

Gayle Bowen, Head of Direct company investments at Wealth Club said:\u00a0\u201cTended has achieved a great deal since launching its Geofencing product in March 2023. Not only has it secured contracts and pilots with\u00a0key\u00a0industry players\u00a0like Siemens Mobility\u00a0but it\u00a0has also secured major R&D funding to complete the next iteration of its\u00a0technology.\u00a0We expect the Department for Transport\u2019s\u00a0anticipated\u00a0changes to safety standards to be an important catalyst in this market\u00a0which could further underpin\u00a0Tended\u2019s\u00a0\u00a0growth plans.\u00a0Tended is a great example of\u00a0high impact\u00a0UK innovation\u00a0as part of\u00a0a commercially compelling EIS investment.\u201d<\/p>\n

Leo Scott Smith, CEO of\u00a0Tended\u00a0said:\u00a0I\u2019m delighted to welcome Wealth Club as a shareholder at this really exciting time in our growth trajectory. We\u2019re already starting to see the profound impact we\u2019re having on safety and efficiency in the rail industry through the implementation of our geofencing technology. With Wealth Club on board, I\u2019m excited to increase this impact and together, work towards our mission of putting an end to preventable fatalities in heavy industries.\u201d<\/p>\n

Photo credit: Tended<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Dubbed \u2018Google Maps for heavy industry\u2019,\u00a0Tended\u2019s\u00a0\u00a0advanced\u00a0geofencing technology\u00a0is currently used across the rail industry by leading organisations\u00a0such as\u00a0Network Rail, Siemens, Morgan Sindall and Amey to improve […]<\/p>\n","protected":false},"author":0,"featured_media":8768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[47],"tags":[7,11],"class_list":["post-8766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rail-news","tag-transport","tag-usa"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/8766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8766"}],"version-history":[{"count":0,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/8766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/media\/8768"}],"wp:attachment":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}