IND Technology

Why IND Technology exists

Founded in Melbourne in 2013 by RMIT Professor Alan Wong and Kokwai Leu, IND Technology builds Early Fault Detection (EFD) systems that use pole-mounted sensors to capture radio-frequency signals from stressed or failing electricity-grid components. The data are analysed in real time, allowing utilities to locate anomalies to within 10 metres and address them before they spark outages or bushfires. The company has sold roughly 15,000 EFD units across six countries and claims the technology has already prevented more than 500 fire events globally. Customers include AusNet Services, Powercor, Western Power and Endeavour Energy, and the firm now maintains operations in the United States, Canada and Malaysia. With the latest capital, IND plans to expand its machine-learning engineering team, enhance the EFD platform’s analytics capabilities and scale delivery, field support and deployments worldwide. Earlier in the year the company sought up to $60 million at an estimated valuation of $200-300 million, reflecting strong investor interest. By automating grid monitoring, IND aims to improve reliability, cut maintenance costs and reduce the social and economic impacts of electrical faults.