Tyrata, a US-based tire sensor and data management spinout from Duke University, closed a $4.5m series A round on Tuesday led by replacement tires and automotive parts supplier Dealer Tire.
The round also featured a range of other, undisclosed investors.
Tyrata is developing sensor technology to monitor the tread wear of tires in real time, alerting drivers and fleet management operators if the rubber has become too thin to drive safely. The sensors use carbon nanotubes to identify millimetre-scale changes…
