Ping Services Secures $1.3M Funding in IoT to Monitor Wind Turbines

Adelaide startup Ping Services, which is developing “world-first” IoT to monitor wind turbines and warn of blade damage, has secured $1.3m in seed funding round led by Australian venture capital fund Artesian. The round brings Ping Services’ total funding to $2.2m and adds to private investor and government investment from the Australian Government’s Accelerating Commercialisation Grant and the South Australian Research, Commercialisation and Startup Fund. Ping Services says will use the $1.3m to accelerate its global customer growth and scale the manufacture of its patented Ping Monitor, “the world-first device … changing the face of wind energy by autonomously detecting wind turbine blade damage, costing the industry $2 billion annually.” The Ping Monitor “magnetically attaches to individual wind turbine towers and collects data, alerting maintenance staff when an anomaly in sound is detected via simple dashboarding.”