Laki Power to secure funding from Iceland-based investment company Brunnur Ventures.

Iceland Investments 28 October 2019
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Laki Power, a Reykjavik, Iceland provider of real-time surveillance for high-voltage powerline infrastructure, announced closing its first institutional investment round.

The funding round was led by Brunnur Ventures and the money will support further development of the company’s high-voltage powerline sensor product portfolio.

Laki Power, founded in 2015 and led by Sigurjon Magnusson, CEO, built a range of products powered by an on-market energy harvester that supports multiple sensors and communications devices with full autonomy from external power sources, eliminating the need for solar, wind or diesel generators.

The tech, called PowerGRAB, harvests energy from the electromagnetic field surrounding the alternating current (AC) carrying phase wires of high voltage power lines to provide direct current (DC) power for running external and internal surveillance and monitoring devices, and many other applications that need clean and stable DC power.