Birmingham-based Vulcan Line Tools successfully completed a $1 million seed round through a strategic partnership with Walter and Virginia Woltosz.
Walter Woltosz is an Auburn engineer and entrepreneur who established Words+ Inc., a company that designs, manufactures and sells computer-based communication systems, and Simulations Plus Inc., a company specializing in drug discovery and simulation software for conducting drug research.
Vulcan Line Tools plans to use the capital to fuel its growth as it carries its software and hardware to the electric utility industry as well as further its mission to "provide unique and innovative hardware and software solutions to the utility industry’s most fundamental problems."
Since 2019, Vulcan Line Tools has introduced technology and services including the Wave Timer, which allows line crews to quickly determine the sag, tension and temperature in a line while they are building it, and engineering services such as pole loading analysis.
Vulcan Line Tools has raised over $1.06 million in funding from angel investments and pitch competition winnings across four competitions, including Tiger Cage and Alabama Launchpad 2021.
The firm won the concept stage portion of the Alabama Launchpad competition with at total prize of $25,000.
