INGU

INGU offers an operating system for pipeline integrity and performance.

Business Model:

Revenue: $0

Employees: 11-50

Detailed INGU Information

Geographic Data

INGU headquarters map

Address:

City: Calgary

State: Alberta

Zip:

Country: Canada

Financial Info

Stage:

series a

Raised Last:

$5M

Raised Total:

$7M

Metrics

8,040,169Website Global Rank

441Website Monthly Traffic

Twitter Followers

Description

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.

Contact Phone:

Contact Email:

Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
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
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)
10/2019 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.
7/2017 Non Equity Assistance 1 - Creative Destruction Lab (CDL)
Creative Destruction Lab (CDL)
Announced Date Name Price

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