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NDT.net Issue - 2014-08 - NEWS

Mr. Roman Abramovich Invests $2M in AcousticEye NDT Inspection Technology

AcousticEye2, Houston, Tx, USA
NDT.net Journal
Issue: 2014-08
- Disruptive Technology for Non-Traversing Inspection Tapped as Game-Changer for Energy Sector -

Houston, TX – June 02, 2014 - AcousticEye Inc., an innovator in non-traversing tube and pipe inspection for the global NDT (non-destructive testing) market, today announced that it has received additional funding totaling over $2 million from Mr. Roman Abramovich, one of the world’s most prominent investors in the international oil & gas industry.

This latest funding, which will be used to accelerate product development, deployment and sales, follows a recent $7 million round completed in December, 2013. To date, the company has raised equity financing from leading firms and select private investors who are experts in the field.

Mr. Gili Raanan, Partner at Sequoia Capital said: “We welcome this strategic investment in AcousticEye. It is yet another market endorsement of the unique value proposition that the company offers for the multi-billion dollar NDT inspection service market worldwide. AcousticEye technology is used by major Oil & Gas and Power Generation companies to significantly improve their operational efficiency.”

Mr Yoav Harel, CEO of AcousticEye commented: “We appreciate very much Mr. Abramovich’s decision to join our other investors in funding our growth. It further validates the tremendous value that AcousticEye offers to the energy sector and confirms the significance of our core technology and R&D capabilities”.

AcousticEye has been recently selected as the recipient of Frost & Sullivan’s prestigious 2014 Global Non-Destructive Test Equipment New Product Innovation Leadership Award.

More of AcousticEye published in NDT.net
2015-10-01: Non-Traversing Inspection Technology for Tubes and Pipes
2014-11-01: Rapid non-invasive inspection of heat exchanger tubes
2014-06-01: AcousticEye Receives Frost & Sullivan’s 2014 New Product Innovation Leadership Award in the Global Non-Destructive Test (NDT) Equipment Market
2014-04-01: Advances in Non-invasive Tube Inspection using Pulse Reflectometry
2014-04-01: Rutledge Global to Continue Tube Inspection Success with New AcousticEye Tool
2014-01-01: AcousticEye Introduces DUET™ Ultra-Fast, Non-Traversing Tube and Pipe Inspection for Global NDT Industry
2013-11-01: Recent Developments In Pulse Reflectometry For Non-Traversing Tube Inspection
2013-08-01: Recent Developments in Pulse Reflectometry for Non-invasive Tube Inspection
2013-06-01: Tube Inspection Using Acoustic Pulse Reflectometry: Application to a Tubular Air Heater
2012-03-01: Acoustic Pulse Reflectometry Brings an End to Tube Inspection Sampling
All 17 Articles & News of AcousticEye in NDT.net

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