INGU offers an operating system for pipeline integrity and performance.
Business Model:
Revenue: $0
Employees: 11-50
Address:
City: Calgary
State: Alberta
Zip:
Country: Canada
Currently, inline inspection in the oil and gas sector is a series of staged engineering events, designed to assess the condition of pipeline assets. It is costly, infrequent, and only addresses those lines that are within reach. In fact, it is estimated that 40% of the world’s pipelines are unpiggable. The vulnerabilities between inspections, which are typically years apart, or the inability to conduct inspections at all, puts the world’s aging pipeline infrastructure at risk. In order to address these issues, we have focused on changing the economics, the technology, and the workflow associated with inline inspection. We have introduced the industry’s first self-serve inspection model that eliminates significant engineering and downtime costs. We have developed miniature, multi sensor Pipers® technology that freely flows within any and all active pipelines, regardless of location, condition, material or configuration. This technology is capable of inspecting pipelines as small as 2 inches in diameter, and surveying for leaks, geometric defects, magnetic anomalies, and deposits in a single run. Further, we have reduced the cost of inline inspection by a factor of 10, making it possible for integrity programs to be more present, more often, across all of their assets. Finally, such accessible technology has given us the opportunity to work with a complete range of clients – large and small, private and public – resulting in rich datasets libraries that offer unprecedented contextual analysis and continuous advancement of our data analytics capabilities. Our approach provides clients with uninterrupted access to up-to-date condition-critical data, allowing them to optimize planning, decision-making, and actions.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 10/2019 | Series A | 3 | $4.8M |
Chevron Technology Ventures Energy Innovation Capital West Coast Ventures Inc. Chevron Technology Ventures Energy Innovation Capital West Coast Ventures Inc. |
9/2018 | Seed Round | $443.2k | 12/2017 | Seed Round | $851.9k | 7/2017 | Non Equity Assistance | 1 | - |
Creative Destruction Lab (CDL) Creative Destruction Lab (CDL) |
10/2017 | Seed Round | 3 | $253.5k |
Barney Pell Blaine LaBonte T. Chen Fong Barney Pell Blaine LaBonte T. Chen Fong |
1/2016 | Pre Seed Round | 2 | $219.7k |
West Coast Ventures Inc. 500 Global 500 Global West Coast Ventures Inc. 500 Global 500 Global |
7/2017 | Non Equity Assistance | 1 | - |
Creative Destruction Lab (CDL) Creative Destruction Lab (CDL) |
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