Leusden, The Netherlands – AcousticEye , a non-invasive tube inspection solutions company for the heat exchanger market, has completed its series B investment round with funding from Sequoia Capital. The investment will be utilized to further the development of the company’s inspection technology, and to accelerate its adoption in the heat exchanger market. The company has also increased its management and sales team, and has added a Sequoia Capital representative to its board of directors.
“The market potential for the proprietary technology developed by AcousticEye is enormous,” says Gili Raanan, partner at Sequoia Capital. “We believe that AcousticEye’s clear value proposition will make it one of the leading non destructive testing (NDT) vendors.”
To learn more about Sequoia Capital, visit www.sequoiacap.com/us/energy.
AcousticEye Closes Investment Round with Funding from Sequoia Capital
November 5, 2010