# SensorUp

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sensorup

- Industry: Software
- Headquarters: Calgary, Canada
- Website: www.sensorup.com
- Total disclosed funding: $15M
- Latest round: Series B (Jul 20, 2023)
- Investors on record: 3

## About

Based in Canada, SensorUp Inc. operates as a provider of innovative emissions management solutions tailored for the oil and gas sector, enabling clients to optimize data integration and compliance processes.SensorUp Inc. specializes in emissions management solutions, primarily serving the oil and gas industry. The company was founded in 2011 in Calgary, Canada. The current CEO is Terry Cunningham. In July 2023, SensorUp raised CAD 12.000 mn in Series B funding, led by Climate Investment, with participation from Evok Innovations, bringing the total amount raised to CAD 12.000 mn. The company has completed three funding deals to date.SensorUp specializes in providing comprehensive emissions management solutions tailored for the oil and gas sector. Their core offerings include Connected Assets, Emission Ops, and Connected Markets, which collectively streamline data integration, enhance operational insights, and ensure compliance with stringent regulatory frameworks. Designed to assist clients in managing emissions effectively, these solutions unify data from various sources such as sensors and SCADA systems, enabling real-time monitoring and trend analysis. Major clients like Occidental Petroleum (Oxy) utilize SensorUp’s tools for methane detection, reporting accuracy, and operational efficiency. SensorUp's products are primarily marketed in North America and other global markets where oil and gas operations are prevalent, catering to a diverse clientele that includes leading operators and regulatory bodies.SensorUp generates revenue through a subscription-based model for its software solutions, allowing clients to integrate and utilize the platform's capabilities in emissions management. Business transactions typically occur via B2B arrangements, where companies pay for tiered subscription packages based on their specific needs and operational scale. Clients engage with the platform through various service modules, such as those focused on data integration and compliance reporting. The company’s flagship solutions, including Connected Assets and Emission Ops, play a pivotal role in supporting revenue generation by providing essential tools for efficient emissions management.In July 2023, SensorUp Inc. raised CAD 12.000 mn in Series B funding to further develop its software for mitigating climate change. The company plans to enhance its existing product line and is targeting expansion into new markets across North America and internationally, though specific regions and dates have not been disclosed.

## Funding rounds

- Series B, Jul 20, 2023, $9.1M — Evok Innovations, Climate Investment
- Series A, Jul 8, 2020, $4.4M — Evok Innovations
- Seed, Jun 4, 2018, $1.5M — Vanedge Capital

## Investors

- Vanedge Capital (https://capitalatlas.ai/funds/vanedge-capital) — Seed
- Evok Innovations (https://capitalatlas.ai/funds/evok-innovations) — Series A, Series B
- Climate Investment (https://capitalatlas.ai/funds/climate-investment) — Series B