US gridiron star backs Sunshine Coast startup
Sunshine Coast startup GreaseBoss is on a mission to solve a $50 billion problem using patented greasing technology.
The company has caught the attention of some world class investors including Joe Montana, one of the best US quarterbacks of all time.
Best known from his days leading the San Francisco 49ers to four Super Bowl victories, the gridiron great has since established a venture capital firm called Liquid 2 Ventures and has earned a reputation for investing in successful startups.
Liquid 2 Ventures has taken an equity stake in GreaseBoss and has offered to help the Sunshine Coast company enter the US market in 2022.
GreaseBoss co-founder and CEO Steve Barnett is confident Joe Montana is a great fit for the GreaseBoss brand.
Barnett states: “From day one, he totally got what we were doing … it did not take much convincing to get him to invest in GreaseBoss.”
Intelligent technology
Intelligent greasing technology
The GreaseBoss system has the potential to reach a lucrative, global market with its innovative greasing system.
Its cloud-based intelligence helps manage the maintenance of heavy machinery and has applications in major industries like mining, agriculture and transport.
The three-part system includes a patented head unit and an integrated sensor hose that scans the grease fittings, each with its own Quickfit grease tag and determines if a shot of grease is needed.
The software specifies how much lubrication to inject based on the Original Equipment Manufacturers specification and measures cubic centimetres pumped to prevent mechanical failures due to over or under greasing.
A digital record is sent to GreaseCloud, a unified dashboard that provides a single source of truth for all manual and automatic lubrication history and alerts operators to upcoming or overdue grease events.
Protecting people and profit
The idea was born of Steve Barnett (CEO) and developed with co-founders Tim Hall (COO) and Peter Condoleon (CTO). These three engineers have collective experience in mining, aerospace, manufacturing and robotics and provide a deep understanding of the issues operators in these key industries face.
Mechanical failure is one of the most significant costs to large-scale, industrial worksites, and one of the greatest risks to occupational health and safety.
The GreaseBoss solution has global applications with the potential to save businesses billions of dollars each year and save lives by managing equipment maintenance and minimising the exposure workers have to dangerous environments.
GreaseBoss on the global stage
GreaseBoss has clients afar a field as South Africa and hopes to move into South East Asia and South America. As a recent participant in Y Combinator, the prestigious accelerator program in Silicon Valley, GreaseBoss also has an entry point into the US market.
The business was one of more than 17,000 applicants and the only Australian group to be accepted into the program that has helped seed notable brands like Airbnb, Dropbox, DoorDash and Stripe.
To date GreaseBoss has raised approximately AU$2.5 million in capital investment.
Businesses of all sizes thrive on the Sunshine Coast
The Sunshine Coast has a strong ecosystem of innovators, collaborators and investors, making it the perfect location for scalable startups like GreaseBoss.
The supportive business environment provides budding businesses with access to incubators, accelerators, meet-ups and mentorship programs that encourage entrepreneurs and nurtures ideas.
The incredible lifestyle opportunities, economic benefits and infrastructure investments are also drawing interest from established operators.
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