A Sydney startup utilizing robotics to evaluate essential infrastructure within the oil and fuel business globally has raised $15 million after doubling income over the previous two years.
Abyss Options beforehand raised $3.25 million in December 2020, with AirTree as soon as once more main the newest funding, supported by Australian Retirement Belief.
Cofounded in 2014 by 4 Sydney College engineers, the scale-up counts BP, Exxon, Chevron, Complete and Scottish Water amongst its shoppers and has constructed the enterprise within the Center East, South America and Europe inside the vitality sector.
The corporate combines robotics and synthetic intelligence to automate dangerous and repetitive work in infrastructure inspections. They’re targeted on main the transition to autonomous oilfields by growing applied sciences to assist vitality firms scale back threat and working expenditure by digitalising and finally unmanning their platforms and crops.
Its anomaly detection software program for top-side upkeep, Abyss Material, supplies shoppers with complete analytics of each inch of their asset base, delivering unprecedented asset administration and decision-making capabilities. One instance concerned detected corrosion on a fuel pipeline that saved the shopper $25 million in a possible unplanned shutdown.
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