About Illusense
Illusense is a company based in Vancouver (Canada) founded in 2013 by Nathan Chan, Kirk Madison, and Kyle Herzog.. Illusense operates in a competitive market with competitors including Silixa, CorrosionRADAR, QLM, Rocsole and Novosound, among others.
- Headquarter Vancouver, Canada
- Founders Nathan Chan, Kirk Madison, Kyle Herzog
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Sectors
TechnologyEnergy & Utilities
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$1.6 M (USD), Grant
Sep 19, 2016
- Investors
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Employee Count
Employee Count
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Funding Insights of Illusense
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $1.6M
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First Round
First Round
(19 Sep 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Grant - Illusense | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Illusense
Illusense has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Sustainable Development Technology Canada. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on investing in clean tech sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Illusense
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Illusense
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Illusense Comparisons
Competitors of Illusense
Illusense 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, CorrosionRADAR, QLM, Rocsole and Novosound, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of fibre optic monitoring solutions for the oil and gas industry
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| domain | founded_year | HQ Location |
Provider of corrosion management solution for the oil and gas industry
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| domain | founded_year | HQ Location |
Quantum sensing technology is provided for natural gas leak detection.
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| domain | founded_year | HQ Location |
Tomography solutions for oil and gas pipelines are provided.
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| domain | founded_year | HQ Location |
Ultrasound sensors for pipeline monitoring and fault detection are provided.
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| domain | founded_year | HQ Location |
MEMS-based chemical sensors are developed for diverse applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Illusense
When was Illusense founded?
Illusense was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Illusense located?
Illusense is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
What does Illusense do?
Illusense was founded in 2013 in Vancouver, Canada, focusing on the oil industry. Laser imaging-based in-line inspection technology is provided to monitor pipeline integrity. Predictive leak modeling is enhanced to prevent spills, while previously undetectable leaks are identified. Operations center on technology deployment for pipeline safety in the energy sector.
Who are the top competitors of Illusense?
Illusense's top competitors include QLM, Novosound and CorrosionRADAR.
Who are Illusense's investors?
Illusense has 1 investor. Key investors include Sustainable Development Technology Canada.