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Company


Profile

Founded in 2015, Drayson Technologies is an Internet of Things platform company using innovative wireless charging technology and machine learning software to create smart sensor networks that deliver tangible business value for customers. We enable energy-efficient and cost-effective IoT data collection and analysis, which reduces the cost of deploying, owning and running IoT networks.

Drayson Technologies is a privately held UK limited company (Company Number 08618486) based upon 7 year research programme at Imperial College. The Company is based in London (HQ - EMEA), with sales hubs in Mexico City (LatAm) & San Francisco (United States).

Our Team Members have deep expertise in health, technology and data businesses and have built multiple £500m+ technology businesses over the past 15 years with successful exits through IPO and M&A. We also love and thrive working at speed, so much so that we have a few World Land Speed Records.


History

Paul & Elspeth Drayson are serial technology entrepreneurs having founded several successful enterprises over the past 20 years in biosciences and other fields. In 2012 they pioneered high performance electric drivetrain technology, building the world’s fastest sub 1000kg electric racing car, setting 3 FIA world records, 4 British land speed records and developing a number of innovative technologies in collaboration with major OEMs as a result. The publicity associated with this work led to an invitation for Paul to visit Imperial College to see some of the research being done there in the field of automotive technology and in particular wireless power.

At this meeting Manuel Pinuela presented the work he was doing as part of a 7 year research programme at the University in the fields of inductive power transfer and radio frequency energy harvesting. Manuel was partially funded by the Mexican government to undertake his PhD research at Imperial.

In early 2013 Paul & Elspeth explored with Manuel the possibility of him staying in the UK post completion of his PhD and began talking about the creation of a new business to commercialise his research. Negotiations with Imperial regarding the creation of this business and transfer of the intellectual property owned by the University commenced at that time.

In April 2014 Drayson Technologies Limited was formed with Elspeth, Manuel and Paul as Founders and Imperial College and the Imperial academic inventors assigning relevant intellectual property to the Company. The Drayson Family led a Series A “friends & family” funding round into the business in July 2014 which provided £2.6m initial capital to fund the R&D work to commercialise the technology and commence development of the first product.

During this fund-raising the management team was further developed and work began in earnest to develop the technology and to write a fully researched business plan. Progress in technology development was rapid and a business plan was completed to enable a Series B fund-raising to commence in November 2014. The Series B round was led by Woodford Funds and Lansdowne Partners, raising £16.5m in a first tranche in April 2015 and a second tranche of £8m raised in April 2016. During all rounds significant investment was received from investors known to Dr Pinuela based in Mexico and the business has developed a strong footprint with partners and customers in LATAM as a result.

The business has developed since formation with a clear commitment to environmental sustainability and an engineering philosophy of energy efficiency that has underpinned the Company’s approach to technology development and led to several breakthroughs in network software and wireless charging. The business has also benefitted from the creation of a diverse and highly skilled workforce, drawn from all over the world. At the last count the team comprised members from 14 different countries, many with postgraduate qualifications and all sharing a commitment to the creation of technology that improves peoples lives and lays the foundation for a profitable and growing business that makes a positive impact on the world.