Edgeliot is a new company that licensed technology from Dublin City University to spin out from the university in 2021. The company is focused on delivering end-to-end anomaly detection solutions for high value telecommunication tower infrastructure. Edgeliot has developed a remote monitoring solution and its working product is called mHalo which is being trialed with Cellnex Telecom, Europe’s leading operator of wireless and broadcasting infrastructure. The company is also at advanced stages in commercial negotiations and deployment having successfully raised the first tranche of funding for €250k of a first investment round of €750k and is in the process of raising further investment to maintain aggressive growth plans.
The Innovation Office at the university, DCU Invent, has been involved with Edgeliot from inception. The office provided guidance and support across the licensing and spin-out process including the development of the company business plan, contract negotiation and drafting as well as supporting the successful company application for Enterprise Ireland funding. The Innovation Office continues to work closely with the company to support its development and growth as Edgeliot explores a number of research projects with DCU and other Irish universities in the area of climate monitoring.
• ENTERPRISE IRELAND - COMMERCIALISATION FUND
"DCU Invent has been a huge help in the creation of Edgeliot. DCU’s Fusion Programme enabled the project to secure funding from Enterprise Ireland. We hired a great team in DCU through the Insight Centre for Data Analytics. And the licensing and spin-out process was straightforward and professional. We continue to work closely with DCU Invent to explore other opportunities." - Gary McDarby, CEO, Edgeliot
Published:2022
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