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Investment from Energy Innovation Capital

Investment from Energy Innovation Capital

CNIguard closes investment from Energy Innovation Capital to accelerate deployment of its utility-focused infrastructure monitoring solutions.

Energy Innovation Capital (EIC), a leading Silicon Valley and Houston based venture and growth capital investor, and CNIguard are pleased to have closed a recent investment round.

EIC invests in companies that drive operational efficiency, safety and sustainability in the global oil, gas and power sectors, particularly at the convergence of software, data and industrial internet of things (IoT).

EIC’s Venture Partner – Europe, Ben Stanzl, joins the CNIguard board, where his wealth of experience across industrial IoT and digital technology will bring a valuable perspective.

“I am very impressed by the traction CNIguard has gained with some of the leading utilities in Europe and North America, including ConEdison”, said Ben Stanzl. “It is clear that their infrastructure monitoring products and solutions solve a critical customer need. I’m excited by this opportunity to support CNIguard and its future growth.”

Energy Innovation Capital investment

Dr Edward Klinger, CEO and Founder of CNIguard, said: “This investment enables us to accelerate our business plan by focusing on improving our flagship products – Sentir manhole monitoring and GasMarshal gas detection, enhancing durability and delivering new predictive maintenance capabilities. We will also be scaling our channel partnerships to deliver turnkey solutions to our customers.”

He continued, “Our longer-term plan is to establish the business as an enterprise-ready, industry-leading solution provider to utility and infrastructure clients, and recent investments from National Grid Partners and Energy Innovation Capital are helping us do just that.”

Said Ian Cooper, Managing Director and Head of Corporate Venture Capital Europe for National Grid Partners, “We’re delighted to welcome EIC as a new investor in CNIguard, and we look forward to working together to build a world-class provider of industrial IoT solutions to the utility industry.”

CNIguard plans to launch its new OverLine overhead line monitoring product in 2021 with new releases of Sentir SX3.0, S3.0 and GasMarshal in 2022.

About Energy Innovation Capital

Energy Innovation Capital is the premier capital provider for innovators serving the energy industry. EIC provides early and growth-stage funding for visionary entrepreneurs tackling global energy challenges with transformative, market-leading solutions. EIC’s team leverages its industry expertise, networks and collaborative approach to help talented entrepreneurs push the boundaries of what’s possible and build great companies. To learn more, visit www.energyinnovationcapital.com.

About National Grid Partners

National Grid Partners (NGP) is the venture investment and innovation arm of National Grid plc., one of the largest investor-owned energy companies in the world. NGP invests for strategic and financial impact and leads companywide culture transformation efforts. The organization provides a multi-functional approach to building startups, including innovation (new business creation), incubation, corporate venture capital, business development and culture acceleration. NGP is headquartered in Silicon Valley and has offices in Boston, London, and New York. Visit www.ngpartners.com or follow @ngpartners_ on Twitter.

Jim Darroch
Jim Darroch
VP Software & Engineering

LinkedIn

Jim is a software development executive with 30 years’ experience in designing software and data solutions for Data/Telecoms, Industrial and IoT markets – with an emphasis on reliability, high availability, safety, and security. He has experience in building and leading software teams on a global scale for multiple large corporations (notably HP, Emerson and Honeywell) as well as several small/start-ups; establishing teams to quickly deliver innovative Software solutions.  Jim holds a B.Sc. with First Class Honours in Computer Science from Strathclyde University.
Stephen Rose
Stephen Rose
Chief Financial Officer

LinkedIn

30 years qualified accountant with industry based board level experience in the UK, Europe and China. Stephen is a commercially focused accountant having been group financial director for Eaglemoss Publications, an international publishing group for over 20 years. Other roles include management accountant for Porcelanosa and a consultancy role for fashion group, Jumper Retail.
Chris Quire
Chris Quire
Chief Executive Officer

LinkedIn

Chris is an engineer and technology executive with over 30 years of global experience in designing, manufacturing, deploying, and supporting wireless solutions in the utility and consumer electronics sectors. He was previously with Landis+Gyr and Comverge, after starting his career with Panasonic. Chris holds a MBA from Georgia State and a BEE from the Georgia Tech, as well as two patents.
Dr. Edward Klinger
Dr. Edward Klinger
Founder & Chief Strategy Officer

LinkedIn

Edward is an engineer with 35 years experience in creating, building and running global technology companies. He is founder of CNIguard which manufactures ruggedized sensoring systems for critical infrastructure including water, electricity, transport, oil & gas, and defense sectors. Previously he was with PwC, Perot Systems, and Pratt & Whitney, and an Adjunct Professor at McGill University. Edward holds a Ph.D. in Mechanical Engineering from McGill and an MBA from Wharton.

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