# ARIX Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arix-technologies

- Industry: Industrial Machinery
- Headquarters: Jackson, US
- Website: www.arix-tech.com
- Total disclosed funding: $10M
- Latest round: Series A (Feb 7, 2023)
- Investors on record: 5

## About

ARIX Technologies, Inc. provides specialized robotic inspection services focused on corrosion under insulation (CUI), enhancing safety and maintenance efficiency for industries like oil and gas and power utilities.Founded in 2017 in Jackson, US, ARIX Technologies, Inc. specializes in robotic inspection services. The company has completed 4 deals, with the most recent deal occurring on February 7, 2023, during which they raised USD 10.000 mn in Series A funding. Dianna Liu is both the founder and CEO, leading initiatives to expand the company’s footprint in the industrial inspection sector.ARIX Technologies specializes in providing advanced robotic inspection services tailored specifically for corrosion under insulation (CUI). Their core offerings include robotic inspection equipment and analytics software that deliver high-accuracy insights into corrosion risks, allowing clients to enhance their maintenance strategies significantly. The robotic systems are designed to operate safely and efficiently in complex industrial environments, eliminating the need for scaffolding and minimizing exposure to confined spaces. ARIX Technologies primarily serves clients in the oil and gas, petrochemical, and power utility sectors, with notable partnerships and projects completed for companies such as ExxonMobil, Ineos, and conEdison. The geographical markets for their products and services extend globally, including operations in North America and recent expansions into the Gulf Cooperation Council (GCC) region through strategic partnerships.ARIX Technologies generates revenue through service contracts and partnerships, providing turnkey inspection solutions without the need for clients to purchase or lease inspection equipment. Clients engage ARIX for robotic inspections, which are billed based on the specific scope and scale of the projects undertaken. The company also offers options for businesses to buy or lease its proprietary robotic platform, enabling them to incorporate robotic inspections into their service offerings. This business model supports a B2B structure, addressing the needs of asset owners and operators seeking to optimize maintenance costs and improve safety. While specific pricing details for individual services are not disclosed, the company's analytics software promises substantial savings by enhancing inspection efficiency and accuracy, thus solidifying ARIX Technologies' position as a leader in the industrial inspection sector.In February 2023, ARIX Technologies, Inc. raised USD 10.000 mn in Series A funding co-led by Alley Robotics Ventures and Benson Capital Partners, with participation from NGIF and other returning investors. The company plans to use the funding to launch its products in the market and expand its reach into new geographic regions, particularly targeting the Gulf Cooperation Council (GCC) area to enhance its service offerings. Upcoming product launches are anticipated as part of their growth strategy.

## Funding rounds

- Series A, Feb 7, 2023, $10M — Contour Venture Partners, Evok Innovations, Benson Capital Partners, NGIF, AlleyCorp

## Investors

- Contour Venture Partners (https://capitalatlas.ai/funds/contour-venture-partners) — Series A
- Evok Innovations (https://capitalatlas.ai/funds/evok-innovations) — Series A
- Benson Capital Partners (https://capitalatlas.ai/funds/benson-capital-partners) — Series A
- NGIF — Series A
- AlleyCorp — Series A