About LUX Assure
LUX Assure is a company based in Edinburgh (United Kingdom) founded in 2001. It operates as a B2B. LUX Assure has raised $9.18 million across 3 funding rounds from investors including ConocoPhillips, Chevron and Equinor. The company has 16 employees. LUX Assure operates in a competitive market with competitors including Fotech, CannSeal, ATRP Solutions, Seal For Life Industries and EV Cam, among others.
- Headquarter Edinburgh, United Kingdom
- Employees 16
- SectorsEnergy & Utilities
- Website luxassure.com
- Social X
- Total Equity Funding$9.18M (USD)
in 3 rounds
- Latest Funding Round$3.56M (USD), Series A
Jun 2016
- InvestorsConocoPhillips
& 4 more
- Employee Count16
Funding Insights of LUX Assure
LUX Assure has successfully raised a total of $9.18M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3.56 million completed in June 2016. 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.
- Total Funding $9.18M
- Total Rounds 3
- Last Round Series A — $3.56M
- First Round $618,000
(Jun 2010)
- Investors Count 5
All 3 funding rounds of LUX Assure with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2016 | $3.56M | Series A | – | Scottish Enterprise, Archangels | – |
| Feb 2013 | $5M | Series A | – | – | |
| Jun 2010 | $618,000 | Seed | – | – |
5 investors in total: 5 institutional.
Investors in LUX Assure
LUX Assure has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include ConocoPhillips, Chevron and Equinor.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment and expertise are provided to early-stage Scottish companies. | – | archangelsonline.com | Edinburgh, Scotland | |
Business development and leadership training programs are offered to companies. | 1991 | scottish-enterprise.com | Glasgow, United Kingdom | |
Petroleum, natural gas, petrochemicals, and electrical power are produced globally. | 1972 | equinor.com | Stavanger, Norway | |
Provider of integrated energy services | 1875 | conocophillips.com | Houston, United States | |
Chevron Corporation is engaged in global energy production and sustainability. | 1879 | chevron.com | United States |
Investor details for LUX Assure
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of LUX Assure
3 dated milestones of LUX Assure across 15 years, from founding to its latest funding, stage changes and deals.
- Founded LUX Assure is founded.
- Funding First funding round of $618K.
- Funding Latest funding round, Series A, of $3.6M.
Competitors of LUX Assure
LUX Assure 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 Fotech, CannSeal, ATRP Solutions, Seal For Life Industries and EV Cam, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fotech.com | 2008 | Fleet, United Kingdom | $9.39M | 53 | AI and photonics monitoring solutions are delivered for energy infrastructure. | |
| cannseal.com | 2008 | Stavanger, Norway | $2.2M | 15 | Annular isolation technology is provided for enhanced oil recovery. | |
| atrpsolutions.com | 2006 | Pittsburgh, United States | $5.03M | 8 | Specialty polymers are manufactured via ATRP for targeted properties. | |
| sealforlife.com | 2010 | Stadskanaal, Netherlands | – | – | Corrosion prevention and control solutions provider for the oil & gas industry | |
| evcam.com | 2000 | Norwich, United Kingdom | – | 46 | Well diagnosis cameras are designed for high-temperature and high-pressure environments. | |
| sentinel-subsea.com | 2018 | Aberdeen, United Kingdom | – | 5 | Provider of a remote well monitoring solution for the oil and gas industry | |
| enerzai.com | 2019 | Seoul, South Korea | – | – | AI solutions for subsurface analysis and minerals exploration are provided. | |
| tubeltechnologies.com | 2003 | The Woodlands, United States | $925,000 | – | Downhole wireless sensors for well optimization and monitoring are developed. | |
| microsilicon.io | 2015 | Houston, United States | $1.26M | – | Advanced micro-sensors are developed for industrial process monitoring. |
Detailed competitors of LUX Assure
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- Full competitor set
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Latest news on Lux Assure
Complete news archive for LUX Assure
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- Full article archive
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Similar companies to LUX Assure
10 companies that operate in the same segment as LUX Assure (Oil & Gas Technology Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Cloud infrastructure and AI-optimized data centers are provided. | 2018 | Denver, Colorado, United States | USD 5.44 B | – | 242 | |
Provider of AI-driven ROVs and services for inspection of ships | 2015 | Bristol, England, United Kingdom | USD 38.48 M | – | – | |
AI-based software for production data analysis and collaboration is provided. | 2016 | Lysaker, Norway | USD 225 M | – | 1 | |
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M | – | – | |
Satellite imagery and geospatial analytics are utilized for water monitoring. | 2012 | Didcot, Oxfordshire, United Kingdom | USD 17.11 M | – | 46 | |
Cloud-based platform for oilfield management in energy sector. | 1998 | Houston, Texas, United States | USD 1.67 M | – | 305 | |
Cloud-based platform for operational simulation and predictive analytics is offered. | 2010 | Lausanne, Vaud, Switzerland | USD 28.7 M | – | – | |
Methane and VOC emissions are monitored via industrial IoT platforms. | 2015 | Cambridge, Massachusetts, United States | USD 34.71 M | – | – | |
Contractors and suppliers are managed via an online platform. | 2001 | Dallas, Texas, United States | – | – | – |
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Frequently Asked Questions about LUX Assure
LUX Assure was founded in 2001 and raised its 1st funding round 9 years after it was founded.
LUX Assure is headquartered in Edinburgh, United Kingdom. It is registered at Edinburgh, Scotland, United Kingdom.
LUX Assure is a funded company, having raised a total of $9.18M across 3 funding rounds to date. The company's 1st funding round was a Seed of $618K, raised on Jun 2010.
LUX Assure has 16 employees.
LUX Assure, backed by 9178000.0 from Scottish Enterprise, Archangels, Equinor, ConocoPhillips, Chevron, focuses on working in the energy sector, oil and gas, chemical monitoring, and technology services. Offers advanced chemical monitoring technology for the oil and gas industry. Driving innovation, growth, and excellence in its industry sectors.
LUX Assure's top competitors include Fotech, Seal For Life Industries and CannSeal.
LUX Assure has 5 investors. Key investors include ConocoPhillips, Chevron, Equinor, Scottish Enterprise, and Archangels.