Touch Sensity has developed a patented technology that makes objects and materials sensitive to physical interactions, enabling constant, real-time monitoring of damage and malfunctions. The company’s predictive structural-health system identifies where damage is located and measures its size and severity. Touch Sensity plans to use the newly raised capital to continue product development and begin commercialization of its technology. Its first offered solution is Sensity Smart Tank, designed to monitor hydrogen tanks for cars, buses, commercial vehicles and trains. The company targets major manufacturers in the automotive, railway and aerospace sectors and aims to shift customers from scheduled to condition-based maintenance. The article cites a market projection for structural-health monitoring growing from $2.2B in 2022 to $5B in 2028.

Total raised

$3M

Funding rounds

3

Latest round

Equity

Latest activity

May 2024