CALGARY — Osprey Informatics, a provider of intelligent visual monitoring solutions for industrial operations, has announced that it has closed a $3.75 million investment round led by Shell Ventures LLC and Evok Innovations, with participation from InterGen Capital and current shareholders.
Opsrey says the investment will be used to drive sales expansion and to bring to market additional artificial intelligence-enabled solutions, including methane detection.
According to the firm, its Software as a Service platform, Osprey Reach, manages remote cameras at a massive scale, analyzes images and video with artificial intelligence and input from other sensors and data systems.
“We are thrilled to partner with Shell Ventures, Evok Innovations and InterGen Capital,” said Rob Logan, CEO of Osprey Informatics, a statement. “This strategic investment provides not only capital, but also access to global energy leaders. We are now well positioned to grow our deployments throughout the ‘industrial IoT.’”
“Enabled by augmented intelligence and machine learning, our industry is undergoing rapid change. We see Osprey’s technology as a core component of this digital transformation, with proven operational benefits and promising methane detection potential,” said Michael Crothers, president and country chair, Shell Canada.