AcousticEye Ltd., a Houston, TX, USA-based provider of a system for non-traversing tube and pipe inspection for the global NDT (non-destructive testing) market, closed a $7m in funding.
Backers included YS Capital, Plan B Ventures and existing investors Sequoia Capital and Israel Cleantech Ventures.
The company intends to use the funds to accelerate product development, deployment and sales.
Led by Mr. Yoav Harel, CEO, AcousticEye leverages its patented dual mode pulse reflectometry technology (acoustic and ultrasonic operating in parallel) to provide DUETā¢, a non-traversing inspection system for NDT applications in oil and gas, power generation, petrochemical and other adjacent markets including chemical, pulp and paper, food and beverage and HVAC.
FinSMEs
04/12/2013