Hifi

Hifi is a Canadian startup that specializes in developing high fidelity fiber optic monitoring technology for oil and gas applications. Their turn key fiber optic sensing platforms encompass specialized sensing cables, data acquisition systems, and various artificial intelligence and machine learning software algorithms. The company has a strong focus on creating extremely high-quality sensing using specialized fiber optic sensors and software designed specifically for solving oil & gas related challenges, including preventative pipeline leak detection and operational monitoring. Hifi holds over 60 patents and has received multiple accolades such as the ASTech award in 2013, the Global Petroleum Show 2019 Digital Innovator of the Year award, the Canadian Energy Pipeline Association (CEPA) Foundation 2019 Innovation award, and the 2021 Frost & Sullivan Technology Innovation Leadership Award for excellence in the fiber optic sensing industry. The company is privately owned with Cenovus Energy, Enbridge and BDC as investors and is a member of the Fiber Optic Sensing Association (FOSA), APEGA, and the CEPA Foundation. With its last investment of $3.40M in grant investment received on 16 September 2020 from Sustainable Development Technology Canada, Hifi is in a strong position to further develop and commercialize its innovative technology. The company is also actively seeking licensing opportunities with qualified, established global service providers for its patented technology. Hifi's commitment to advanced technology and its impressive track record of accolades make it an intriguing prospect for potential investors in the energy and technology sectors.