# Inductosense: Oil & energy, Bristol, United Kingdom

> Inductosense: Inductosense Ltd. is a UK-based technology company founded in 2015 and headquartered in Bristol. Based in Bristol, United Kingdom. Founded 2015.

Source: https://millionrounds.com/startup/inductosense (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Oil & energy startup](https://millionrounds.com/companies)

# Inductosense

Inductosense Ltd. is a UK-based technology company founded in 2015 and headquartered in Bristol.

Funding reported Last round: Venture (Round not Specified)

Oil & energy Bristol, United Kingdom

Company summary

- **Founded:** 2015 11 years old
- **Team:** 40 11 to 50 people
- **Funding reported:** 12.6M as listed, currency not stated
- **Last round:** Venture (Round not Specified) Apr 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Inductosense has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Inductosense

Inductosense Ltd. is a UK-based technology company founded in 2015 and headquartered in Bristol.

The company specializes in ultrasonic sensor technology for non-destructive testing (NDT) and monitoring internal corrosion and erosion in industrial structures. It originated as a spin-out from the University of Bristol's Ultrasonics and Non-Destructive Testing Group and has developed the patented WAND (Wireless and Non-Destructive) solution for asset integrity management. Inductosense provides comprehensive services that include internal corrosion and erosion monitoring, non-destructive testing, remote data acquisition, and digital trend analysis. Their core product, the WAND system, features passive, battery-free sensors that allow for efficient wall thickness measurement and remote monitoring. The company serves various sectors, including oil and gas, refineries, power generation, and chemical processing, focusing on enhancing safety, reducing costs, and facilitating digital transformation in asset management. Inductosense has received recognition for its innovative contributions to corrosion monitoring technology and has raised significant funding to support its growth.

## What company datasets say Inductosense raised

Funding, as reported

Reported in all **12.6M** in the source's currency

Rounds **5**

Last round **Venture (Round not Specified)**

Last round size **10M**

Last round date **Apr 2023**

Investors listed **5**

## Funding filed with regulators

Inductosense filed 2 raises, $7.7M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Mar 2023 **$5.5M** UK share allotment
- Aug 2021 **$2.2M** UK share allotment

## Founders and team

From Inductosense's own website: 1 founder, 17 on the team.

**Professor Anthony Croxford** CSO & Founder

- **Dr. Matt Butcher** CEO
- **Dr. Abdenaceur Abdouni** Head of Sales
- **Erik Fabre** Head of R&D Projects
- **Ian Stokes** Head of Technical Strategy
- **Joanne Lapit** Head of Project Delivery
- **Bradley Porritt** Deputy Project Manager
- **Chris Brill** Chairman
- **David Sim** Senior Training and Field Support Engineer
- **Dr. Stefano Cuomo** R&D Engineer
- **Dr. Tim Coope** Partnerships & Business Development Manager
- **Jodie Crean** Marketing Manager
- **Kim Ironside** Commercial Director
- **Shani Lu** IOT Manager
- **Shaun Cairns** Engineering Director
- **Tristan Nash** Field Support & Training Engineer
- **Will Barnes** Technical Account Manager
- **Yan Yi Lee** Technical Account Manager

## On a portfolio page

Investors who name them

- [Future Planet Capital](https://millionrounds.com/fund/future-planet-capital)

Each firm lists Inductosense on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

hardware oil and gas distribution manufacturing permanent sensors cloud-based monitoring information technology & services sensor attachment adhesives battery-free ultrasonic sensors environmental services corrosion detection in hazardous environments oil & energy corrosion monitoring sensors non-destructive testing operational efficiency

Built with from their website

IoT Google Tag Manager Cross Pixel Media WordPress.org C/C++ Viewport Meta LinkedIn Ads Site Kit SiteGround C3.js

+8 more

SiteGround DNS Quartic Microsoft Exchange MySQL PrimeNG Microsoft 365 Apps & Services Mobile Friendly Open Graph

- **Sector:** Oil & energy
- **Industry code:** NAICS 33911, 334519, 333248, SIC 3829
- **Region:** England
- **Revenue:** 3.2M a year, as listed

## Oil & energy in United Kingdom

Startups like it

- [**CORE POWER** founded 2018](https://millionrounds.com/startup/core-power)
- [**Special Piping Materials** Manchester · founded 1989](https://millionrounds.com/startup/special-piping-materials)
- [**RAPTOR ENERGY LIMITED** Chesterfield](https://millionrounds.com/startup/raptor-energy-limited)
- [**FrontRow Energy Technology Group** Aberdeen · founded 2016](https://millionrounds.com/startup/frontrow-energy-technology-group)
- [**Motia** Leeds · founded 1990](https://millionrounds.com/startup/motia)
- [**Blue Ocean Seismic Services Limited** Farnborough · founded 2019](https://millionrounds.com/startup/blue-ocean-seismic-services-limited)
- [**Sultan Energy** London](https://millionrounds.com/startup/sultan-energy)
- [**ACELERON** Stoke Prior · founded 2016](https://millionrounds.com/startup/aceleron)

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