AcousticEye, a provider of non-invasive tube inspection solutions for the heat exchanger market, has completed a Series B funding of undisclosed amount round with Sequoia Capital. The new capital will be used to further develop the company’s innovative inspection technology and to accelerate its adoption in the heat exchanger market.
In conjunction with the funding, AcousticEye has added a Sequoia Capital representative to its Board of Directors. It has also increased its management and sales team.
The AcousticEye method, designed to be non-invasive, transmits an acoustic wave down the tube enabling the tester to know exactly what the problem is and where it is located. The device allows all types of tubes (mobile and embedded) to be inspected, regardless of their material, shape, or configuration.
The company, which established in 2005 by Tal Pechter and Dr. Noam Ami, operates sales offices in Argentina, Brazil, Israel, Canada, Venezuela, China, Uk, Serbia, Russia, Chile and Korea.
FinSMEs
03/11/2010