Sensear completes A$7.1m round of private funding
Sensear, a Perth-based developer and manufacturer of high noise communication headsets, today announced the completion of a A$7.1 million private funding round backed by existing shareholders. The capital infusion will be used to fortify global sales growth and enhance Sensear's technology and product range.
"In a tough market for any emerging technology company, Sensear has continued to prosper as a direct result of our innovation answering the market's need for hearing protection that provides both communication and situational awareness," said Sensear co-founder and CEO Justin Miller, who is now based in San Francisco. Sydney-based private investment firm Exto Partners managed the capital raising.
Sensear's global growth is being steered across industries and is deployed in the harshest and noisiest of environments, by some of the world's largest companies, said Sensear in a statement released today.
"From ice runways in Antarctica, shipyards in the UK to the mine sites in Chile, Sensear is sold and supported via a network of hundreds of safety distributors, two-way radio dealers and communication resellers around the world," it said.
"We are seeing an increasing demand for high quality communication devices that protect people in noisy environments. The growth in distribution opportunities for Sensear products, driven by strong demand from some of the world's largest and most successful industrial companies, makes us confident that the company's rapid growth will continue," said Exto Partners managing director Peter Hammond.