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Brisbane infrastructure monitoring startup Aurtra has been acquired by French multinational Schneider Electric in a multi-million-dollar deal.
As reported by Startup Daily, Aurtra, founded in 2017 by Dr Richard Harris, Steve McRae and Terry Woodcroft, was built on sensor technology developed at the University of Queensland technology to monitor the health of electricity network transformers.
Woodcroft, the company’s CEO, said the Aurtra develops remote industrial sensors to monitor ageing transformers. The tech provides automated online reports to electricity distributors of a transformer’s condition, highlighting insulation problems, damage, and any probability of failure ahead of time.
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