• Acousticeye

  Participated · Equity · Dec 2013

  AcousticEye develops non-traversing tube and pipe inspection solutions built around its DUET™ system. The DUET system leverages patented dual-mode pulse reflectometry technology, running acoustic and ultrasonic modes in parallel. The company targets NDT applications in oil and gas, power generation, petrochemical and adjacent markets including chemical, pulp and paper, food and beverage and HVAC. Its solutions are used by inspection service providers and end users worldwide. Led by CEO Yoav Harel, AcousticEye intends to use newly raised funds to accelerate product development, deployment and sales. The company had raised more than $7M in December 2013 and received additional funding in 2014. AcousticEye develops DUET™, a non-traversing inspection system that uses patented dual-mode pulse reflectometry (acoustic and ultrasonic operating in parallel). The system is aimed at the global NDT market, including oil and gas, power generation, petrochemical and adjacent industries such as chemical, pulp and paper, food and beverage and HVAC. The company is led by CEO Yoav Harel and is based in Houston, TX. AcousticEye closed $7M in funding from YS Capital, Plan B Ventures and existing investors Sequoia Capital and Israel Cleantech Ventures. The company intends to use the proceeds to accelerate product development, deployment and sales. The article does not report operating metrics. AcousticEye Ltd. is a Leusden, Netherlands-based developer of non-invasive tube inspection technology for the global heat exchanger and boiler non-destructive testing markets. Its core product is the Dolphin G3™, a non-invasive tube inspection tool. The Dolphin G3™ can inspect boilers, fin fans and other heat exchangers in any shape or material. The company raised $6M in funding and intends to use the capital for continued research and development and global commercialization of its technology solutions. AcousticEye is led by CEO Yoav Harel. AcousticEye develops a non-invasive inspection method that transmits an acoustic wave down tubes to identify defects and their locations, and can inspect tubes of any material, shape, or configuration. The company’s device is positioned for the heat exchanger market and supports both mobile and embedded tubes. The new capital is intended to further develop the inspection technology and accelerate its adoption in the heat exchanger market. AcousticEye completed a Series B funding round of undisclosed size with Sequoia Capital and has expanded its management and sales teams following the raise. A Sequoia Capital representative was added to AcousticEye’s Board of Directors as part of the financing. The company was founded in 2005 and operates sales offices in Argentina, Brazil, Israel, Canada, Venezuela, China, the UK, Serbia, Russia, Chile and Korea.

No current team members are available.