DURHAM – Startup Tyrata, which focuses on sensors and data management, continues to attract interest from investors.
Looking to raise $3.7 million, the firm that traces its roots to Duke University, has secured $2.9 million in a mix of equity and options, according to a securities filing.
Tyrata is one of the promising Triangle startups picked for serial investor Scot Wingo’s “tweener list.”
Twelve investors have participated in the round as of Oct. 15, the date of the filing.
Minimum investment in the round is $25,000.
In early 2018, Tyrata raised $4.5 million.
In collaboration with Duke University, Tyrata’s founders developed sensor technology that help signal when it’s time to replace tires or report information dangerous tire wear conditions, according to Tyrata’s website.
Aaron Franklin, an associate professor of engineering and chemistry at Duke, developed the technology. He is working with Duke’s Nicholas School of the Environment and the Pratt School of Engineering to further develop the technology. [Franklin, left, and Joseph Andrews, a PhD student who led the original research on the tread wear sensor, hold up examples of the printed carbon nanotube sensors on a flexible surface in the photo from Duke University accompanying this post.]
Tyrata CEO Jesko von Windheim is a professor of the practice at Duke. He also co-founded Cronos Integrated Microsystems Inc. and founded Nextreme Thermal Solutions Inc., where he was CEO. He got his MBA from UNC-Chapel Hill’s Kenan-Flagler Business School.