Latest News from Origin
Cyclops – expanding into new verticals
Cyclops, the specialist load-sensing business that we first backed in 2019, has raised a significant new funding round. This is to enable the business to expand its operations in two exciting new sectors: Utilities (where its technology can be used in the crucial measurement of power line tension), and Health and well-being, where the company is seeing interest from gym operators and equipment manufacturers, who wish to bring more data and measurement to the exercise experience. Cyclops has already made fantastic inroads into the race and cruising sailing markets.
Echion – Major new funding
Echion Technologies, an Origin portfolio company since 2018, has raised further development funding, led by US-based Volta Energy Technologies. The financing was also supported by existing investors, including Origin, and will fund further acceleration of Echion’s technical development and commercialisation activities.
Read more here.
Inductosense – investment from Aramco Ventures
Origin portfolio company Inductosense, experts and innovators in internal pipework corrosion monitoring, has raised money in a new investment round led by Aramco Ventures the corporate venturing arm of Aramco, the Middle-Eastern energy giant.
The funds will be used to support customer roll-out of Inductosense’s technology, including to Aramco itself, and to progress opportunities to integrate the company’s devices at point-of-manufacture, as well as to further develop its recurring revenue model.
Origin originally invested in Inductosense in 2019, following-on in 2021 and in the recent 2023 round.
Read more here.
