Process Vision raises £335k from Henley Business Angels and others to expand pipeline monitoring trials.
The capital will fund upcoming field trials and North American expansion.
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 £335k in its first funding round, backed by Henley Business Angels alongside other angel networks. The company has created LineVu, a system that streams live video from inside gas pipelines to verify whether supplies are contaminated.
Funding will support the company as it begins field trials with major oil and gas suppliers, finalises safety certifications, and establishes an operational presence in North America. Process Vision also plans to introduce new diagnostic products, including LineGate and LineGas, later this year.
From the founder
"This investment has made a great difference; our project is now gathering momentum with many process engineers eager to see what is happening within their process or pipeline. We believe we can make a significant impact to gas production."
Paul Stockwell
Managing Director at Process Vision
Investor perspective
"Process Vision has proved to be an attractive proposition for HBA members and we were delighted that Paul and his team have been able to secure the funds they need to complete field trials and establish a strong footing for growth."
Jurek Sikorski
Founder and Director, Henley Business Angels
Use of funds
- 01Expand into international markets
- 02Fund the next phase of growth
Investors
Categories
About the company
Process Vision
Process Vision provides pipeline monitoring solutions and inspection robots for the oil and gas industry.