Parkwalk has returned to back Oxford spinout Proxisense, which develops sensors for evaluating the status of industrial components.
Proxisense, a UK-based industrial monitoring technology spinout from University of Oxford, has received an undisclosed amount of capital from Parkwalk Advisors, a fund management subsidiary of commercialisation firm IP Group.
Parkwalk supplied the cash through its Opportunities Fund, which receives UK tax benefits under the government’s enterprise investment scheme.
Founded in 2014, Proxisense has developed a proximity sensor system to precisely measure the position of industrial components such as rotating equipment and aero engines.
The sensor measures…
