Process Vision raises £1.5m from a Henley Business Angels member to expand in North America.
The funding follows previous backing from the angel network in 2017 and will support international expansion.
Share allotment filed at Companies House
Process Vision develops specialist monitoring technology and robotic systems to detect pipeline contamination and improve operational safety in the energy sector.
Process Vision has secured £1.5m in a funding round featuring investment from a Henley Business Angels member. The capital will support the company as it scales operations in North America, builds new trial units, and advances product development.
The firm produces monitoring systems including LineVu, a camera tool designed to spot liquid contamination in gas pipelines, and InSight, a tethered snake robot built for internal pipeline inspection and maintenance in high pressure environments.
From the founder
"Having proved the effectiveness of the system, we are in a great position to target our largest market, the USA."
Paul Stockwell
Managing Director at Process Vision
Investor perspective
"HBA has supported Process Vision on its journey to build a sustainable business and is delighted to see the solid progress being made. Some significant customers are trialling Process Vision’s pipeline monitoring solutions."
Jurek Sikorski
Founder and Director, Henley Business Angels
Use of funds
- 01Grow the team
- 02Continue product development
- 03Invest in sales and marketing
- 04Expand into international markets
Investors
Categories
About the company
Process Vision
Process Vision provides pipeline monitoring solutions and inspection robots for the oil and gas industry.