Rebellion Photonics Inc said it closed its Series A financing round of $10.4 million. The funding came from Tinicum and other private investment partnerships advised by Tinicum Incorporated. Rebellion Photonics, based in Houston, Texas, provides cameras to oil rigs and refineries that can spot gas leaks. Tinicum, meanwhile, is a private investment company that has been investing in both public and private companies for more than 25 years.
Proceeds from the round will help speed up the company's market expansion of its Gas Cloud Imaging cameras. GCI is a revolutionary new generation of gas leak detection technology that oil rigs and refineries can use to identify and quantify dangerous gas leaks in digital image using true real-time video. Because it gives full scene coverage, the GCI can improve safety and operations, reduce the risk of explosions and enhance facility downtime because it monitors for leaks continuously and enhance the difference between false alarms and actual events.
A startup that was spun out of Rice University in 2010, Rebellion Photonics is now commercializing their one-of-a-kind snapshot hyperspectral video platform. Headed by Co-Founder Allison Lami Sawyer as Chief Executive Officer, Rebellion is now growing its operations and marketing their latest GCI camera that can make oil rigs and refineries safer.
Tinicum Partner Trip Zedlitz said in a statement, "We believe that Rebellion has developed a unique and compelling solution offering real-time operational, safety, and regulatory benefits to its customers. We are excited to partner with the Rebellion management team and provide support for the company's significant growth initiatives."
Rebellion Co-Founder and CTO Robert Kester said they are excited to expand the company so that they can continue to help oil rigs and refineries safer workplaces. The Wall Street Journal awarded Rebellion Photonics as 'Startup of the Year' last year. The year before that, Rebellion Photonics was awarded an R&D100, the statement said.
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