Hifi Engineering raises $10 mln from BDC Capital, strategic investor
Hifi Engineering Inc, a Calgary-based provider of leak detection and incident prevention technology, has raised $10 million in financing from BDC Capital and an undisclosed strategic investor. BDC invested through Ottawa’s $700 million clean technology strategy, announced last year. Hifi's other investors include Cenovus Environmental Opportunity Fund and Enbridge Inc. Founded in 2007 by CTO John Hull, Hifi develops and supplies fibre optic sensing technology for preventative leak detection in pipelines and monitoring of critical assets. The funds raised will be used to accelerate the company's growth and support continued research and development.
8 July 2019•3 mins read
