About Fotech
Fotech is a company based in Fleet (United Kingdom) founded in 2008 was acquired by BP Ventures in February 2020. Fotech has raised $9.39 million across 2 funding rounds from investors including bp, SHOAIBI GROUP and BP Ventures. The company has 53 employees as of December 31, 2020. Fotech operates in a competitive market with competitors including Silixa, Raptor Oil, CannSeal, LUX Assure and Servelec Technologies, among others.
- Headquarter Fleet, United Kingdom
- Employees 53 as on 31 Dec, 2020
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Fotech Group Limited
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Annual Revenue
$7.2 M (USD)0as on Dec 31, 2017
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Net Profit
-$2.22 M (USD)0as on Dec 31, 2017
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EBITDA
Not available
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Total Equity Funding
$9.39 M (USD)
in 2 rounds
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Latest Funding Round
Not available
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Investors
bp
& 4 more
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Employee Count
53
as on Dec 31, 2020
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Acquired by
BP Ventures
(Feb 11, 2020)
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Funding Insights of Fotech
Fotech has successfully raised a total of $9.39M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Fotech
Fotech has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include bp, SHOAIBI GROUP and BP Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Investments in energy technology companies are made by BP Ventures.
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Venture capital firm focused on tech companies
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Investment in sustainable energy technology companies is facilitated.
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Investor details for Fotech
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Investments & Acquisitions by Fotech
Investment portfolio details for Fotech
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Financial Statements - Fotech
Detailed financials for Fotech
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Fotech Comparisons
Peer comparison for Fotech
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Competitors of Fotech
Fotech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Silixa, Raptor Oil, CannSeal, LUX Assure and Servelec Technologies, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of fibre optic monitoring solutions for the oil and gas industry
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Acoustics-based wireless communication tool for in-well deployment
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Annular isolation technology is provided for enhanced oil recovery.
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Offers advanced chemical monitoring technology for the oil and gas industry.
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Remote telemetry units and software products for water, oil & mining industry
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Detailed competitors of Fotech
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Latest news on Fotech
Complete news archive for Fotech
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Frequently Asked Questions about Fotech
Fotech was founded in 2008.
Fotech is headquartered in Fleet, United Kingdom. It is registered at Fleet, Hampshire, United Kingdom.
Chris Shannon is the current CEO of Fotech.
Fotech is a funded company, having raised a total of $9.39M across 2 funding rounds to date.
As of Dec 31, 2020, the latest employee count at Fotech is 53.
Annual revenue of Fotech is $7.2M as on Dec 31, 2017.
Fotech is a provider of artificial intelligence and photonics-based monitoring solutions for the oil gas industry and power utility companies. It offers a distributed acoustic sensing solution known as Helios for the oilfield, down-hole or flow-lines, risers, and pipelines to monitor conditions, as well as locate and identify parameters such as pump failure, damage, and leakage. It can be used for high-resolution imaging and data acquisition of oil reservoirs. Provides a software platform which connected with photonics and artificial intelligence system known as LivePIPE to detect and communicate about leaks, abnormal behavior of the system, real-time monitoring, security breach, and monitoring during maintenance activity. Also, offers monitoring solutions for railways, traffic, production industries, and other utility assets.
Fotech's top competitors include Seal For Life Industries, CannSeal and Acoustic Data.
Fotech has 5 investors. Key investors include bp, SHOAIBI GROUP, BP Ventures, Scottish Equity Partners, and EV Private Equity.