Distran secures CHF 10.8M in funding to fuel growth

A step forward for Distran acoustic imaging cameras

Distran secures CHF 10.8M in funding to fuel growth

Fast-growing ultrasonic camera pioneer Distran has closed a CHF 8.3M Series B round led by Swisscanto Private Equity with participation from ALIAD (Venture Capital fund of the Air Liquide Group), as well as existing investors, the Smart Energy Innovation Fund from Energie 360° and Zürcher Kantonalbank, to accelerate the development of new gas leak detection solutions.

Additional CHF 2.5M were secured as an innovation project grant through the Swiss Accelerator program supported by Innosuisse.

Learn more in this video:

Subtitles available in English. Click on the “CC” button – bottom right corner of video player

A step forward for acoustic imaging cameras

Distran secures CHF 10.8M in funding to fuel growth

Fast-growing ultrasonic camera pioneer Distran has closed a CHF 8.3M Series B round led by Swisscanto Private Equity with participation from ALIAD (Venture Capital fund of the Air Liquide Group), as well as existing investors, the Smart Energy Innovation Fund from Energie 360° and Zürcher Kantonalbank, to accelerate the development of new gas leak detection solutions.

Additional CHF 2.5M were secured as an innovation project grant through the Swiss Accelerator program supported by Innosuisse.

Learn more in this video:

Subtitles available in English. Click on the “CC” button – bottom right corner of video player

The funds will be used to diversify the product portfolio and to tap into new markets. The company is a leading manufacturer of ultrasonic cameras used for gas leak detection in industries such as Oil & Gas, the Chemical Industry, Power Generation, and Composites Manufacturing.

“Distran’s development in recent years is impressive. The amazing team has not only managed to establish Acoustic Leak Imaging as innovative alternative to traditional approaches but has also acquired global industry leaders as customers”, explains Nils Granath, Senior Investment Director at Swisscanto Private Equity.

Having invented the world’s first ultrasonic camera in 2013, Distran was founded the same year in Zürich, Switzerland. Distran Acoustic Cameras combine an integrated microphone array with an optical camera to pinpoint all types of gas leaks from far distances, without contact with the gas, and in unexpected locations. Inspection times are up to 10 times shorter than with other techniques. For instance, a growing number of companies use Distran Ultrasonic Cameras as a faster, safer, and more reliable method to counteract the risks from hydrogen leaks.

“Air Liquide is using Distran equipment for gas leak detection at different production units, considering it a valuable asset for the safety and reliability of our plants. Our support aims to foster the development of Distran’s next-generation innovations, benefiting our two companies. Effective detection and prevention of gas leaks enables us to minimize operational risks and help us reduce gas emissions”, says Séverine Adami, General Manager of ALIAD Venture Capital.

Customers in more than 40 countries rely on Distran’s portable ultrasonic cameras to detect gas leaks. The ultrasonic camera Distran Ultra Pro is even used in space by the NASA. Since December 2020, the device has been used to search for air leaks in the International Space Station (ISS) in order to prevent the risk of major incidents.

“This successful financing round enables us to expand our global commercial network even faster. We will also launch new products geared towards industrial plants’ reliability, safety, and reduced environmental footprint”, comments Florian Perrodin, co-founder and CEO at Distran. Distran’s goal is to save over 100 million metric tons of carbon dioxide equivalent (MMtCO2e) by 2026. This amount is equivalent to ~10% of today’s global aviation industry’s emissions.

Many thanks to our investors for their support and their trust!

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