Salunda has raised an undisclosed sum from the University of Oxford Innovation Fund IV and the Parkwalk Opportunities Fund, both managed by Parkwalk Advisors.
Salunda, a UK-based oilfield monitoring technology spinout from University of Oxford, has obtained an undisclosed amount from investment firm Parkwalk Advisors.
The firm committed capital through two vehicles – the University of Oxford Innovation Fund IV, which it manages on behalf of the institution’s tech transfer arm Oxford University Innovation, and the Parkwalk Opportunities Fund.
Founded in 2004, Salunda has developed networked sensors to monitor oilfield machinery, drilling and metering.
The funding will be used to meet existing and projected…
