LK Shields Solicitors LLP acted for Sure Valley Ventures in connection with their investment in Ambisense Limited, an internet of things (IoT) start-up making next-generation sensor technologies for environmental monitoring.
Ambisense has successfully raised €3 million in a funding round led by BGF, one of Ireland’s leading growth capital investors, and supported by existing investors, including Sure Valley Ventures, Atlantic Bridge and Enterprise Ireland. As part of the funding, Mark Sykes of BGF has been appointed to Ambisense’s Board and Graham Love has joined as Non-Executive Chairman.
Ambisense’s autonomous sensors gather and analyse a continuous flow of data which is used to predict possible environmental hazards and its device to monitor indoor air quality could be seen used to minimise the risk of spreading Covid-19 in enclosed areas.
Sure Valley Ventures is a venture capital fund focused on investing in the software technology section with a specific focus on Artificial Intelligence, the Internet of Things and Immersive Technologies.
The LK Shields’ team comprised of Emmet Scully (Picture) and Lester Sosa-Villatoro.
Law Firms: LK Shields Solicitors LLP;
Clients: Sure Valley Ventures Ltd;