The company has announced the completion of a private funding round supported by existing shareholders and totalling $7.1 million.
Sydney-based private investment firm Exto Partners managed the capital raising.
The capital infusion will be used to strengthen global sales growth and further enhance Sensear’s award-winning technology and products capabilities.
“In a tough market for any emerging technology company, Sensear has continued to prosper, to which we thank our stable base of shareholders and customers for their continued support,” said Justin Miller, the now San Francisco-based Sensear co-founder and CEO.
Sensear’s products are deployed in some of the harshest and noisiest of environments by big companies worldwide.
From ice runways in Antartica and shipyards in the UK to the mine sites of Chile, Sensear is now being sold and supported via a network of hundreds of safety distributors, two-way radio dealers and communication resellers from around the globe.
“We are seeing an increasing demand for high quality communication devices that protect people in noisy environments. The rapid growth in the distribution opportunities for Sensear products, driven by strong demand from some of the world’s largest and most successful industrial companies, gives us confidence that Sensear’s pace of growth will continue,” said Peter Hammond, Managing Director of Exto Partners.
Sensear is also enabling the convergence of hearing protection with all forms of communication and situational awareness.
Mr. Millers adds, “Our customers are very thankful for the Sensear breakthrough. The traditional big suppliers of hearing protection haven’t really listened to the market, as hearing protectors that don’t allow you to safely hear your surroundings or communicate are akin to safety glasses that impair your vision or a safety boot that doesn’t allow you to walk. Sensear is changing the way workers are now able to safely communicate at high noise job sites and importantly, it is having a profound effect on their wellbeing and productivity. It’s a win for employees and employers alike.”