About Novosound
Novosound is a company based in Glasgow (United Kingdom) founded in 2018 by Dave Hughes and Richard Cooper. Novosound has raised $6.24 million across 3 funding rounds from investors including Scottish Enterprise, Foresight Williams Technology (FWT) and Foresight Group. The company has 35 employees as of March 31, 2023. Novosound offers products and services including The Slanj, The Ceilidh, and The Kelpie. Novosound operates in a competitive market with competitors including Silixa, CorrosionRADAR, QLM, Rocsole and Nevada Nano, among others.
- Headquarter Glasgow, United Kingdom
- Employees 35 as on 31 Mar, 2023
- Founders Dave Hughes, Richard Cooper
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Sectors
TechnologyEnergy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Novosound Ltd
- Date of Incorporation 19 Oct, 2016
- Jurisdiction EDINBURGH, UNITED KINGDOM
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$6.24 M (USD)
in 3 rounds
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Latest Funding Round
$4.4 M (USD), Series A
Dec 16, 2019
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Investors
Scottish Enterprise
& 6 more
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Employee Count
35
as on Mar 31, 2023
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Products & Services of Novosound
Novosound offers a comprehensive portfolio of products and services, including The Slanj, The Ceilidh, and The Kelpie.
Wireless ultrasound platform for monitoring health metrics
Tool for detecting corrosion in wide-area inspections
Device for bespoke non-destructive testing applications
People of Novosound
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Funding Insights of Novosound
Novosound has successfully raised a total of $6.24M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4.4 million completed in December 2019. 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 Novosound
Novosound has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Scottish Enterprise, Foresight Williams Technology (FWT) and Foresight Group.
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Venture capital and natural capital investments are managed by Par Equity.
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Early-stage investment is provided to promising Scottish entrepreneurs.
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Investor details for Novosound
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Investments & Acquisitions by Novosound
Investment portfolio details for Novosound
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Financial Statements - Novosound
Detailed financials for Novosound
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Novosound Comparisons
Peer comparison for Novosound
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Competitors of Novosound
Novosound 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 Nevada Nano, among others.
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Provider of fibre optic monitoring solutions for the oil and gas industry
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Provider of corrosion management solution for the oil and gas industry
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Quantum sensing technology is provided for natural gas leak detection.
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Tomography solutions for oil and gas pipelines are provided.
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MEMS-based chemical sensors are developed for diverse applications.
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Detailed competitors of Novosound
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Latest news on Novosound
Complete news archive for Novosound
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Frequently Asked Questions about Novosound
Novosound was founded in 2018.
Novosound is headquartered in Glasgow, United Kingdom. It is registered at Glasgow, Scotland, United Kingdom.
Richard Cooper is the current CEO of Novosound. They have also founded this company.
Novosound is a funded company, having raised a total of $6.24M across 3 funding rounds to date.
As of Mar 31, 2023, the latest employee count at Novosound is 35.
Novosound was founded in 2018 in Glasgow, United Kingdom, within the sensors and imaging sector. Ultrasound probes are supplied for pipeline monitoring, where cracks and physical faults are detected. High-temperature operation is enabled by these sensors. Additional applications encompass non-destructive testing imaging, dental imaging, and medical imaging across various industries.
Novosound's top competitors include QLM, CorrosionRADAR and Nevada Nano.
Novosound offers The Slanj, The Ceilidh, and The Kelpie.
Novosound has 7 investors. Key investors include Scottish Enterprise, Foresight Williams Technology (FWT), Foresight Group, Par Equity, and Kelvin Capital.