• Kuva Systems

  Led · Debt Financing · Jul 2024

  Kuva Systems offers an image-based continuous monitoring solution that produces clear gas-plume images to detect, size and quantify methane emissions for oil and gas operators. Its camera-based system is positioned to enable cost-effective root-cause analysis, operational optimization, high-quality emissions data and regulatory compliance. The solution has been approved for regulatory use in jurisdictions including Colorado, New Mexico and Alberta. Kuva plans to use new proceeds to expand marketing, operations and product development, commercialize additional features, and grow its Calgary-based team. The company operates offices in Boston, Houston, Midland and Calgary. Financially, Kuva announced CAD 4,079,895 (approx. $3M) in interest-free, repayable federal funding from PrairiesCan that complements $5.7M recently received from prior investors, bringing the announced total to $8.7M to support market expansion. Kuva Systems is a Cambridge-based company that uses short-wave infrared cameras and IoT to autonomously monitor methane emissions at oil and gas facilities. Its platform detects leaks and automatically alerts clients with the time, location and intensity of releases. More than 20 oil and gas companies use Kuva’s technology to fix and prevent methane leaks and meet methane-related ESG targets. CEO Stefan Bokaemper said customers value the solution because it is intuitive, comprehensive and does not generate false alerts. The company expects platform growth driven by new regulations and rising interest in certified differentiated gas. Kuva raised $11.3 million in a Series A to scale its technology. Kuva Systems (formerly MultiSensor Scientific) offers an industrial IoT solution that continuously monitors and quantifies methane and VOC emissions using a low-cost infrared imaging system and cloud-based analytics. The platform automatically generates color-coded video clips and annotated release data when emission events are detected, enabling direct alerts and integration with customers’ work-order and production systems. Kuva emphasizes low false-positive rates and claims robustness to thermal infrared background variability that confuses other IR solutions. The company positions its offering to help oil and gas firms meet ESG and methane-intensity goals while lowering total cost of ownership by reducing secondary manual inspections. Kuva is beginning field installations at up to 100 sites in Alberta, with additional field testing planned in Texas. The company highlights a strong intellectual property portfolio protected by six issued patents, 15 patent applications, and numerous trade secrets. Concurrent with its industrial focus, the business rebranded from MultiSensor Scientific to Kuva Systems.

• Servicebox

  Led · Equity · May 2022

  ServiceBox is a cloud-based software platform that helps the field service industry manage end-to-end business functions, including quoting, work orders, scheduling, inventory, and invoicing. The product is positioned to cover core operational workflows for field service teams. ServiceBox was founded in 2012 and is led by founder and CEO Jon Clifford. The company is a Cultivator SCALE participant and is described as a Saskatchewan-based tech startup. In January 2022 Prairies Economic Development Canada invested $400,000 in ServiceBox. ServiceBox’s public communications highlight founder participation in Cultivator community events such as the GONG WILD event. ServiceBox offers a cloud-based field service management platform that handles end-to-end operations from quoting and work orders to scheduling, inventory, and invoicing. The company was founded in 2012 and is based in Regina. ServiceBox closed a $600,000 seed round to support expansion across North America and to hire additional support staff for growth. The round was led by Conexus Venture Capital with participation from Lex Capital and E. Craig Lothian. ServiceBox is part of Cultivator, powered by Conexus’ GROW program, and is the first Cultivator startup to receive funding from Conexus’ Venture Capital Fund. CEO Jon Clifford said inbound customer demand prompted the decision to raise capital and add resources to keep up with growth.

No current team members are available.