The new technology, called ApisProtect, uses sensors, software and other technologies to monitor honey bee colonies. âOur science-based honey bee monitoring technology empowers beekeepers to manage their apiaries more efficiently, reduce labor and transport costs, and focus on cultivating larger and stronger colonies,â said Fiona Edwards Murphy, CEO of ApisProtect. Murphy co-founded the startup in Cork, Ireland, but the company's first target market is the U.S. In the initial investment stage, global investors including Finistere Ventures LLC and Atlantic Bridge Capital "seeded" ApisProtect with $1.8 million. The technology relies on sensors. Each device is about the size of an average cell phone. It uses a combination of cellular, satellite and radio networks so it can work even in remote locations.