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Melbourne manufacturing startup backed by Virescent Ventures to scale grid safety tech
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Melbourne manufacturing startup backed by Virescent Ventures to scale grid safety tech
Virescent Ventures has joined an AUD 50 million funding round for Melbourne-based IND Technology, supporting the expansion of the company’s Australian-developed manufacturing of Early Fault Detection (EFD) systems for energy utilities worldwide. IND Technology’s technology, developed in Australia, monitors electricity grids for early signs of component failure, allowing utilities to prevent outages and reduce bushfire risks. Sensors installed o…
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