mIQrotech develops the mIQroAware pipeline monitoring solution that combines IoT, smart sensors, artificial intelligence, and analytics to monitor pipeline health and predict leaks without pipe penetration. The system detects, reports, and forecasts future risks, providing operators with detailed data intended to increase operational efficiency, revenue, and safety. The company says its solution is the most comprehensive pipeline security system on the market and aims to reduce methane emissions and pipeline leaks. mIQrotech recently closed an oversubscribed Series A that exceeded its $6 million fundraising target by nearly double and will use proceeds to scale product development to meet rapidly increasing market demand. As a Chevron Technology Ventures Catalyst Program participant and with backing from venture investors, the firm says it is rapidly approaching unicorn status. mIQrotech plans further innovations and commercial rollouts to continue digitizing and cleaning the oil and gas industry.

Total raised

$12M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2021