INGU is a Canadian startup founded in 2014, specializing in creating a sustainable and compliant pipeline infrastructure through its innovative Pipers® technology. The company's slogan "Achieve a Net Zero and ESG compliant pipeline infrastructure" reflects its environmental and sustainability focus. The Pipers® technology offers a self-serve approach, enabling pipeline operators to actively monitor changes in pipeline condition, inline leak detection, deposit surveys, and wall condition monitoring. This comprehensive approach provides operators with full insight into all pipeline assets under all conditions, facilitating well-informed decisions to ensure pipeline safety and efficiency. Notably, INGU secured a significant $6.34M Series A investment on October 30, 2019, from a consortium of investors including BlueSky Equities, Chevron Technology Ventures, Energy Innovation Capital, Standish Spring Investments, and West Coast Ventures Inc. This investment underlines the confidence and financial backing from experienced and strategic investors in the industry. With its focus on the Information Technology and Oil and Gas sectors, INGU presents a promising opportunity for venture capitalists looking to support innovative solutions in infrastructure sustainability and compliance.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series A | $6.34M | 5 | West Coast Ventures Inc. | 30 Oct 2019 |
Seed Round | $578.24K | - | 01 Sep 2018 | |
Seed Round | $1.08M | - | 01 Dec 2017 | |
Seed Round | $316.42K | 3 | T. Chen Fong, Blaine LaBonte +1 | 01 Oct 2017 |
Non Equity Assistance | Unknown | 1 | 01 Jul 2017 |
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