Tech Company Financing Transactions
Hifi Funding Round
Hifi, based in Calgary AB, secured $5.4 million from Cenovus Energy and Enbridge.
Transaction Overview
Company Name
Announced On
2/26/2014
Transaction Type
Venture Equity
Amount
$5,400,000
Round
Undisclosed
Investors
Cenovus Energy (Dileep Kumar)
Enbridge (Chuck Szmurlo)
Proceeds Purpose
Hifi intends to use proceeds of the financing to support the next phase of Hifi's research and development involving the adaptation of its existing technology to the early detection of leaks in energy pipelines.
Company Information
Company Status
Private & Independent
Industry
Engineering
Mailing Address
816 46 Ave. Southeast 2
Calgary AB, T2G 2A6
Canada
Calgary AB, T2G 2A6
Canada
Phone
Website
Email Address
Overview
With reservoir, well and pipeline integrity monitoring and leak detection, reliability is paramount. Hifi Fiber Optics have been deployed in over 1000 wells in North America.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Kevin Nugent
Chief Executive Officer
Steven Koles
Chief Technical Officer
John Hull
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