Sonis Announces TRICAPITAL and Scottish Enterprise Investment
Sonis Smart Security Ltd, a leader in innovative wireless security systems, has announced that it has secured funding through TRICAPITAL, a leading early-stage angel investor syndicate and Scottish Enterprise, Scotland’s national economic development agency. The funds will be used to expand the Sonis team and to support the 2022 launch, sales and marketing of the new ‘NoEntry’ smart security system.
‘NoEntry by Sonis’ is a unique palm-sized, wire and sensor-free security alarm that detects break-ins and activates before an intruder is even able to gain access to a property. Self-installed in minutes, it is simple to operate, portable and pet-friendly. NoEntry uses advanced sound signature algorithms to alert owners within 300 milliseconds of an attempted break in. As well as replacing traditional wired alarm systems based on multiple sensors, NoEntry is ideal for quickly protecting houses, holiday homes, caravans, rented or student accommodation and other property where installation of a conventional alarm may previously have been impractical.
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Discussing the new funding, Sonis founder and CEO Bill Marr comments: “With NoEntry we have developed a unique, hassle-free security alarm system that is set to revolutionise the way people protect their property. The investment from TRICAPITAL and Scottish Enterprise will help us shorten time-to-revenue by accelerating manufacture and supporting ongoing sales and marketing campaigns.”
Managing Partner of The TRICAPITAL Syndicate LLP Moray Martin states: “Our mission is to help companies deliver their growth potential with funding, guidance and expertise. We have a particular focus on technology and with its advanced NoEntry system we believe that Sonis has the potential to grow rapidly by offering a highly differentiated solution that delivers a distinct competitive advantage in the security alarm sector. Working with Scottish Enterprise and the specialist legal team at Anderson Strathern we have been able to deliver the funding that will allow the company to fulfil that potential.”
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