Evaluating only Resilionics’s profile at its peak — without knowing the outcome — the model ranked Competition as the #1 likely cause. Documented cause: Regulation.
Key Events Timeline
FOUNDING
Founded in London by Ian Baxter and Mei Chen to build microclimate sensor networks for urban flood and heat risk.
FUNDING
Raised £7.8M from Innovate UK and BGF; signed LOI with Greater London Authority for 2,000-sensor deployment.
REGULATORY ACTION
Hardware certification by Ofcom/Environment Agency took 26 months; GLA reallocated contract budget before approval.
SHUTDOWN
Operations ceased August 2023; 22 employees laid off, certified sensor inventory sold to a Scottish utility.
Full Analysis
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Documented cause
Resilionics raised £7.8M from Innovate UK and BGF in 2021 to deploy a network of 2,000 microclimate sensors across London's critical infrastructure for flood and heat risk monitoring. Hardware certification by Ofcom and the Environment Agency took 26 months instead of 9. By the time certification arrived in Q4 2022, GLA contract funding had been reallocated. Founders Ian Baxter and Mei Chen were unable to attract replacement municipal customers and closed operations in August 2023.
Lesson
“Never sign public infrastructure contracts before hardware regulatory certification is complete; delays cascade fatally.”