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Hifi logo — Preventive pipeline leak detection using the most advanced a...

Hifi

Preventive pipeline leak detection using the most advanced and high fidelity fiber optic sensing and AI / ML technology.

Founded 2007 Canada Calgary, Canada 80 employees Grant Total: $21.20M Energy, Manufacturing +2

General Information

Company Name Hifi
Founded Year 2007
Location Canada Calgary, Canada
Employees 80
Industries Energy, Manufacturing, Robotics +1
Funding Stage Grant
Social

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About Hifi

Hifi is a Canadian startup that specializes in developing high fidelity fiber optic monitoring technology for oil and gas applications. Their turn key fiber optic sensing platforms encompass specialized sensing cables, data acquisition systems, and various artificial intelligence and machine learning software algorithms. The company has a strong focus on creating extremely high-quality sensing using specialized fiber optic sensors and software designed specifically for solving oil & gas related challenges, including preventative pipeline leak detection and operational monitoring. Hifi holds over 60 patents and has received multiple accolades such as the ASTech award in 2013, the Global Petroleum Show 2019 Digital Innovator of the Year award, the Canadian Energy Pipeline Association (CEPA) Foundation 2019 Innovation award, and the 2021 Frost & Sullivan Technology Innovation Leadership Award for excellence in the fiber optic sensing industry. The company is privately owned with Cenovus Energy, Enbridge and BDC as investors and is a member of the Fiber Optic Sensing Association (FOSA), APEGA, and the CEPA Foundation. With its last investment of $3.40M in grant investment received on 16 September 2020 from Sustainable Development Technology Canada, Hifi is in a strong position to further develop and commercialize its innovative technology. The company is also actively seeking licensing opportunities with qualified, established global service providers for its patented technology. Hifi's commitment to advanced technology and its impressive track record of accolades make it an intriguing prospect for potential investors in the energy and technology sectors.

Business keywords: fiber optic sensing, AI/ML technology, preventative pipeline leak detection, oil & gas industry, high fidelity monitoring systems, data acquisition systems, machine learning software algorithms, patented technology, energy industry, investors, technology innovation, acoustic sensing, signal processing, pipeline monitoring, cloud infrastructure

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Grant $3.40M 1
Sustainable Development Technology Canada
Sustainable Development Technology Canada
16 Sep 2020
Venture Round $10.00M 2
BDC Capital Cleantech Practice, Business Development Bank of Canada
08 Jul 2019
Grant $2.40M 1
Alberta Innovates
Alberta Innovates
19 Sep 2017
Venture Round $5.40M 2
Enbridge
Enbridge, Cenovus Energy
24 Feb 2014

Hifi Alternatives & Competitors

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Hifi vs
Fotech Group
Fotech Group United Kingdom

http://www.fotech.com

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Hifi vs
Bridger Photonics, Inc.
Bridger Photonics, Inc. United States

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Hifi vs
Cold Bore Technology
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FAQ About Hifi

Preventive pipeline leak detection using the most advanced and high fidelity fiber optic sensing and AI / ML technology.
Hifi was founded in 2007.
Hifi is headquartered in Calgary, Canada.
Hifi operates in Energy, Manufacturing, Robotics and Oil and Gas. Its work centres on fiber optic sensing, AI/ML technology, preventative pipeline leak detection and oil & gas industry.
Hifi has approximately 80 employees.
Hifi has completed 4 funding rounds, raising a total of $21.20M. The latest funding stage is Grant.
Top alternatives and competitors to Hifi include Fotech Group, Bridger Photonics, Inc., Cold Bore Technology, Satelytics, MCS. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Hifi and Fotech Group are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Hifi, https://bouncewatch.com/company/hifi, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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