Origin Capital supports growth at Inductosense
Origin Capital has invested in Inductosense, a Bristol-based company supplying novel Non-Destructive Testing (NDT) technology to the Oil & Gas and Petrochemical industries. Inductosense’s approach uses inductive coupling to enable sensors attached to pipework to be powered and interrogated wirelessly to measure pipe thickness and corrosion.
Matt Butcher, Inductosense’s CEO commented: “Following a detailed process of due diligence we are happy to welcome Origin Capital and their co-investors as shareholders. We are at an exciting time in our growth journey with multiple ongoing field trials, and we look forward to achieving large scale deployments of our technology in the years ahead.”
Alastair Wright at Origin said: “We are delighted to have concluded our investment into Inductosense; we believe the company has innovative technology with widespread applications, as well as a promising innovation roadmap. We look forward to working with Matt and the team at Inductosense as the company’s product and customer base grows