University of Cambridge flow sensor spinout Flusso was previously backed by the university’s Cambridge Enterprise tech transfer office in June 2017.
Flusso, a UK-based flow sensor technology spinout from University of Cambridge, has raised an undisclosed sum from University of Cambridge Enterprise Funds V and VI, two co-investment vehicles operated by Parkwalk Advisors.
Parkwalk Advisors, which is a fund management division of commercialisation firm IP Group, also injected Flusso with capital from its EIS Opportunities Fund.
Founded in 2016, Flusso is working on flow, pressure and temperature sensors that could be applied in the medical device, smart energy and industrial automation spaces.
The company’s initial focus is a flow sensor that relies on a thin hot tungsten wire lodged in a complementary metal-oxide semiconductor of the kind often used in digital logic circuits.
Flusso was co-founded out of Cambridge’s Department of Engineering by Florin Udrea, who leads the High Voltage Microelectronics and Sensors Laboratory, and John Coull, a research fellow specialising in turbine aerodynamics and heat transfer.
Andrea De Luca, a research fellow in Cambridge’s Electrical Power and Energy Conversion group, and Julian Gardner, head of electrical and electronic engineering at University of Warwick, also helped start the company.
Flusso previously received $63,800 of funding in June 2017 from University of Cambridge Enterprise, the institution’s tech transfer office. Cambridge Enterprise invested the capital through its Fast 50 program, which supports time-sensitive and critical university projects that require prompt investment.
