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Kuva Systems secures $8.7 million in funding from PrairiesCan to support market expansion

PRIVATEJul 10, 2024

Amount Raised

$8.7 Million

Round Type

Funding Round

SomervilleOtherEnergyOil And Gas

Investors

Prairies Can

Description

Kuva Systems, a leader in camera-based methane emissions monitoring for the oil and gas industry, has secured $8.7 million in funding to grow market share of its automated, image-based continuous methane monitoring solution. The funding will be used to invest in increasing the Calgary-based team, commercializing additional features, and expanding marketing, operations, and product development initiatives.

Quick answer

Kuva Systems raised $8.7 Million in a Funding Round round, dated July 10, 2024. Investors: Prairies Can. Kuva Systems is based in Somerville, Massachusetts, United States.

How much did Kuva Systems raise?
Kuva Systems raised $8.7 Million in a Funding Round round on July 10, 2024.
Who invested in Kuva Systems?
Prairies Can is named as investors in this round.
What does Kuva Systems do?
Kuva Systems also known as MultiSensor Scientific.
Where is Kuva Systems based and how big is it?
Kuva Systems is based in Somerville, Massachusetts, United States.
Who are the decision-makers at Kuva Systems?
Fundz holds 1 contact at Kuva Systems, including the Executive Officer, Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Oil And Gas around the same time

Companies in the same sectors as Kuva Systems that raised within 45 days of this round, from Fundz verified event records.

  • CBL International Ltd raised $1.4M (Seed) on August 22, 2024.
  • Eversource Energy raised $89M (Grant) on August 19, 2024.
  • Svante raised $100M (Convertible Note) on August 15, 2024.
  • VulcanX Energy raised $2M (Funding Round) on August 15, 2024.
  • Advent Technologies Holdings raised $1M (Debt Financing) on August 5, 2024.
  • Energy Domain raised $5M on July 26, 2024.

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Company Information

Company

Kuva Systems

Location

1035 Cambridge Street, Ste 10A

Somerville, Massachusetts, United States

About

Kuva Systems also known as MultiSensor Scientific. Kuva makes the invisible measurable and thereby manageable. Our industrial IoT platform provides a fully automated, image-based, continuous methane monitoring and quantification solution. It enables upstream and midstream oil and gas companies to improve their operations and meet ESG and methane intensity goals. Kuva features a low-cost camera that pinpoints methane release locations and quantifies flow rates based on minute-by-minute measurements. Leak analytics can be used to prioritize operational responses, quantify ongoing conditions, and confirm nominal performance.

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Related People

1 contact
Verified contactsStefan B., Executive Officer, Director hiddenSee plans and pricing
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Kuva Systems raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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