Word: deepstream
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Dates: during 2000-2009
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Necessity, that great mother of invention, played her role in the creation of DeepStream Technologies. Chief executive Mark Crosier and his core team found it necessary to get work in 2003 after losing their jobs. They became surplus to needs when Eaton Corp., an electrical company based in Cleveland, Ohio, bought the part of Delta Corp. where they worked. "Our whole team was severed in a redundancy, and we decided to design and build a business rather than all pursue our separate ways," recalls Crosier...
That business is pliable, flexible sensors. (Think Silly Putty with a circuit.) DeepStream, in Bangor, Wales, has invented a way to fit sensors into any nook or cranny in order to do everything from reducing commercial energy consumption to monitoring sugar levels in the bloodstream...
...DeepStream's pliable digital sensors overcome that limitation. "Instead of being flat and planar, we can mold them into any imaginable shape or topology, so now you can get into very awkward and difficult spaces," says Crosier. Another advantage: the materials are resistant to hazards like high temperatures and toxins...
About 90 venture capitalists turned down the opportunity to fund DeepStream before London-based Doughty Hanson Technology Ventures led a $19 million round. Crosier says the company is in preproduction mode with some electrical-equipment vendors (he declines to identify them) that could become full-blown production deals by early next year...
...potential uses of DeepStream's technology are endless. The company envisions sensors that detect wasted motor motion, power surges, electrical loss, overheating and unnecessary lighting--leading to vast improvements in efficiency, perhaps saving half a billion tons of carbon emissions in Britain alone each year. "Energy sensors are going to be a massive part of our future," says Crosier. Perhaps Eaton would like to buy some...