GreenSky Capital is pleased to announce that Pulse Industrial Inc. (“Pulse Industrial”) which uses IoT and AI to reduce greenhouse gas emissions and improve safety in industrial plants, has received CAD$3.5M in a new round of non-dilutive funding from Sustainable Development Technology Canada (“SDTC”). With this investment, the Waterloo-based Pulse Industrial will attempt to improve its data processing system to provide better analysis for steam trap leaks and prevent costly downtime on manufacturing and other industrial floors. Said GreenSky Managing Partner Michael List, “The support from SDTC is not only a welcome endorsement of the Pulse Industrial technology, but will provide critical support for Pulse as it begins to rapidly scale its sales and manufacturing activities.”
Pulse Industrial is amongst the 16 ground-breaking Canadian companies that have recently received a total investment of CAD$52.3M from SDTC. According to SDTC, these companies were chosen for their excellence in developing and deploying new technologies with the potential to transform the environmental and economic prosperity of Canada. Pulse Industrial was also a graduate of SDTC seed program.
GreenSky Accelerator Fund III, one of GreenSky Capital’s affiliated venture funds, participated in Pulse Industrial’s US$1.9M financing round in 2021.
Media Contacts
Greg Stewart, Managing Partner, GreenSky Capital, gstewart@greenskycapital.com
Thomas Uhlenbruck, CEO, Pulse Industrial, thomas@pulseindustrial.ca
About PULSE Industrial
Pulse Industrial is an industrial IoT company that has developed proprietary technology to reduce steam loss in industrial plants through the remote monitoring of steam traps in real-time to detect failures. Learn more about Pulse Industrial at pulseindustrial.ca.
About GreenSky Capital Inc.
GreenSky Capital Inc. is an award-winning Toronto-based firm that makes investments in early-stage Canadian technology companies through its affiliated venture capital funds, GreenSky Accelerator Fund I, II, III and IV. Our principals bring a combination of experience in technology, entrepreneurship, law and finance to high-growth potential companies and dedicated entrepreneurs. Learn more about GreenSky at greenskycapital.com.
