Reactec raises funds to develop monitoring kit
23/09/2020
Reactec, an industrial vibration monitoring company based in Edinburgh, UK, has raised £700,000 for the ongoing development of its monitoring technology, including a pioneering social distancing device.The funding round was led by leading business angel investment syndicate, Archangels, with co-funding from the Scottish Investment Bank and £103,000 from Reactec’s board, management and staff.
Reactec provides data analytics for hand and arm vibration syndrome (HAVS), one of the most common industrial conditions in the UK, caused by using equipment such as drills.
The workplace health monitoring capabilities of its wrist-worn HAVwear device were expanded last year with the introduction of an Internet of Things (IoT) communication hub.
In response to the workplace challenges of the COVID-19 pandemic, Reactec’s system was further developed to enable companies to help their workers observe social distancing protocols while at work.
80 firms have taken delivery of 4000 devices as British construction sites reopen under COVID-19 restrictions.
