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SensorUp Closes Growth Financing to Scale its Agentic Operations Platform for Heavy Industry

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Round led by Pender Ventures, with participation from Climate Investment, Evok Innovations, and Occidental. New capital will accelerate deployment of the AI-enablement platform already running inside five OGCI member companies and regional operators, with expansion into adjacent industrial verticals underway.

CALGARY, AB, June 3, 2026 /PRNewswire/ – SensorUp Inc., the operational intelligence platform powering integrated operations across asset-heavy industries, announced today the close of a growth financing round led by Pender Ventures. The round includes participation from Climate Investment, Evok Innovations, and Occidental, a strategic investor and client.

SensorUp is the operational intelligence layer for asset-heavy industries: turning fragmented field data, engineering records, and sensor streams into auditable, agent-ready workflows. Operators use the platform today to surface underperforming wells before production is lost, to triage flare and vent events against regulatory thresholds, to coordinate turnaround readiness across thousands of components, to detect and resolve methane leaks, and to assemble emissions inventories that withstand regulator and capital-markets scrutiny, all on a single asset model rather than five disconnected tools.

The platform’s hardened components: asset hierarchy, calculations, review and approval, reporting, and workflow orchestration give customers, consultants, and AI agents a shared foundation to build on, with the auditability, security, and scalability that heavy industry requires. Adding a new use case is configuration, not a new product build. That same architecture is what makes the platform extensible beyond oil and gas, into power generation, utilities, mining, and chemicals, wherever distributed assets, multimodal data, and regulated operations meet.

The round was led by Pender Ventures, a venture capital firm focused on companies that drive the innovation economy as legacy systems are replaced with modern tools. As investors, they focus on finding companies with solutions that have proven their ability to increase revenue, reduce costs, and improve outcomes.

“Industrial software has been waiting for a platform with both genuine architectural differentiation and the field credibility to deploy it at scale. SensorUp has both,” said Cheri Corbett, Partner at Pender Ventures. “Their ontology-based data fabric, their position inside the world’s most demanding industrial operators, and the way customers are pulling them into agentic workloads make this exactly the kind of inflection-point company our fund was built to back. Ultimately, we back teams, and this one has earned a level of operator trust that took years to build and would take competitors years to replicate.”

The capital will be deployed across three priorities aligned with SensorUp’s next phase of growth:

Accelerating customer deployment: Expanding SensorUp’s API framework, advancing zero-touch deployment, and scaling expansion through structured prototyping workshops that compress time-to-value from quarters to weeks.

Enhancing the agentic platform: Investing in advanced AI, modeling, and vertical-specific capabilities, including SensorUp’s Operations AI Agents — the production-grade agents that customers are deploying on top of the platform.

Fueling multi-vertical expansion: Building the data infrastructure, go-to-market, and customer success capacity to support a growing base of customers and the expanding scope of workflows running on SensorUp.

“Our customers are eager to deploy AI strategies, but they need a trusted platform and partner to design and build solutions with them,” said Julia Hole, Chief Financial Officer of SensorUp. “SensorUp was forged in the highly complex environment of methane detection, resolution, and measurement at global scale. That foundation naturally positions us to take on our customers’ next most pressing data challenge: operationalizing AI for tangible ROI. This financing allows us to accelerate a roadmap our customers are actively driving.”

About SensorUp

SensorUp is the agentic system of action for heavy industry — the AI-enablement platform that turns operational chaos into orchestrated execution across distributed assets, multimodal data, and complex workflows. Forged in partnership with the world’s largest oil and gas operators and hardened across thousands of distributed assets, SensorUp is in production today with five OGCI member companies and a growing roster of regional operators, with expansion into adjacent industrial verticals underway. The company is headquartered in Calgary, Alberta. Learn more at sensorup.com.

About Pender Ventures

Pender Ventures is a venture capital investor focused on health tech and B2B technology companies at the inflection point between commercialization and scale. As a hands-on, high-conviction investor, Pender Ventures partners closely with founders to accelerate growth and build category-leading businesses.

With deep roots in the Canadian innovation ecosystem and the flexibility to invest across North America, the team operates from offices in Vancouver, Toronto, Montreal, and Calgary. Learn more at penderventures.com.

About Climate Investment

Climate Investment (CI) is an independently managed specialist investor focused on driving industrial decarbonization. It invests in companies aiming to drive high GHG impact in energy-intensive sectors, targeting opportunities that may deliver scaled, quantified carbon reduction alongside attractive risk-adjusted returns. The firm seeks to accelerate impact by investing and collaborating widely. It provides venture to growth capital to companies, and supports them across their business lifecycle, with the objective of delivering both measurable GHG impact and financial success

The firm has made over 40 investments across energy, industry, buildings, and transportation. CI’s portfolio companies offer solutions that avoid, reduce, recycle or store emitted methane or carbon dioxide. The firm reports its portfolio’s quantified GHG impact annually against a methodology it has co-developed with other investors to encourage adoption of common metrics. In the period 2019-2024 its portfolio companies collectively realized 133 million tonnes of CO2e1 of GHG reduction.

Climate Investment was founded by members of the Oil & Gas Climate Initiative. They have invested in Climate Investment funds and deployed many of its portfolio innovations, supporting their early commercial development. Visit www.climateinvestment.com.

About Evok Innovations

Evok Innovations is a leading climate-focused venture capital firm investing in hard tech solutions for heavy industry. We partner with exceptional entrepreneurs to scale transformative technologies in our focus areas of energy, mining & minerals, industrial optimization, and adaptation & resilience. 

Beyond capital, Evok delivers deep technical expertise, real-world operating experience, and unparalleled industry access through our network of global strategic partners. We work closely with our portfolio companies to bridge innovation to market adoption, accelerate commercialization, and create clear pathways to scale and exit.

For more information, please visit: evokinnovations.com.

About Occidental

Occidental is an international energy company that produces, markets and transports oil and natural gas to maximize value and provide resources fundamental to life. The company leverages its global leadership in carbon management to advance lower-carbon technologies and products. Headquartered in Houston, Occidental primarily operates in the United States, the Middle East and North Africa. To learn more, visit oxy.com.

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SOURCE SensorUp Inc

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Duck Creek CEO Hardeep Gulati Brings the Trusted AI Playbook to Insurtech Insights USA

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Duck Creek and Coaction Global reveal how insurers can deploy agentic AI across underwriting and claims without sacrificing compliance or control

BOSTON, June 3, 2026 /CNW/ — Duck Creek, the intelligent core of insurance, today announced that Chief Executive Officer Hardeep Gulati will present at Insurtech Insights USA on Thursday, June 4 at 1:45 p.m. ET alongside Ramana Narayanam, Head of IT at Coaction Global, for a featured mainstage session titled, “No Trust, No Scale: The Executive Playbook for Trusted AI Decisioning in P&C Insurance.” Duck Creek will also meet with insurers and demo its insurance native Agentic AI Platform and new AI-powered applications including Agentic Underwriting Workbench and Agentic First Notice of Loss (FNOL) at Booth 505.

As insurers move from AI experimentation toward enterprise-wide adoption, the industry faces a critical inflection point. While generative and agentic AI technologies promise major improvements in underwriting, claims, and operational efficiency, insurers must also address growing concerns around explainability, compliance, consistency, and customer trust.

During the session, Gulati and Narayanam will discuss how insurers can embed trusted AI into core operations without sacrificing governance or regulatory control. The discussion will explore how orchestration, real-time data connectivity, and insurance-specific AI models can help carriers move beyond disconnected copilots toward scalable, auditable AI decisioning.

“Every insurer wants the upside of AI, including faster underwriting, smarter claims and better operations. The difference is whether they can deploy AI with the governance their regulators, customers and boards demand,” said Hardeep Gulati, Chief Executive Officer at Duck Creek. “At Insurtech Insights, we look forward to discussing and demonstrating how carriers can scale AI confidently with transparency, governance, and real-time orchestration into every workflow.”

Duck Creek’s Agentic AI Platform combines insurance domain intelligence, orchestration, and AI assurance capabilities to enable insurers to deploy AI agents across underwriting, claims, policy administration, billing, and payments workflows. The platform is designed to provide explainable, auditable, and compliant decisioning while allowing insurers to maintain human oversight and operational control.

“Modern insurers need AI solutions that are not only powerful, but trusted and grounded in real operational workflows,” said Ramana Narayanam, Head of IT at Coaction Global. “Our work with Duck Creek reflects a shared focus on building a stronger data foundation and enabling more intelligent, connected decision-making that supports both business agility and governance.”

For more information about Duck Creek’s presence at Insurtech Insights USA, visit www.duckcreek.com.

About Duck Creek

Duck Creek is the intelligent core that leading insurers choose to build on. Purpose-built for property and casualty (P&C) and general insurance, Duck Creek unifies the full insurance lifecycle on a single platform with one data foundation. As an agentic platform, it connects intelligence across underwriting, policy, billing, claims, and payments workflows where decisions are made and compliance is non-negotiable. Duck Creek enables carriers to launch products faster, adapt quickly to change, and grow with precision and confidence. Solutions are available individually or as a full suite via Duck Creek OnDemand. Visit www.duckcreek.com and follow Duck Creek on LinkedIn and X.

Media Contacts:
Marianne Dempsey / Tara Stred
duckcreek@threeringsinc.com

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SOURCE Duck Creek

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Biz2X Announces Off-Campus Recruitment Drive for AI, Engineering and Data Science Roles

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NEW DELHI, June 3, 2026 /PRNewswire/ — Biz2X, the leading digital lending SaaS platform and subsidiary of Biz2Credit, has announced that it will open applications for engineering and data science roles through an off-campus recruitment drive starting in the second week of June.

The drive will focus on graduates from IITs, NITs, IIITs and other Tier-1 campuses, with opportunities available at the company’s Noida and Pune locations. Candidates with BE/B.Tech backgrounds in information technology, computer science, electronics and communication engineering, artificial intelligence and machine learning, and mathematics and computing will be eligible to apply.

The company expects the drive to draw more than 10,000 applications, particularly from candidates interested in working on AI-led products and technology systems used by banks and financial institutions.

The selection process will comprise an aptitude test and an AI-skills assessment, followed by personal interviews. More than 250 candidates are expected to move to the interview stage, with onboarding expected to begin in the second week of July.

The hiring initiative comes as banks and financial institutions increasingly look for technology systems that can make lending workflows faster, more connected and easier to manage at scale. Biz2X’s AI-powered lending stack supports financial institutions across loan origination, loan management, collections and risk monitoring.

The company is also deepening the use of AI across lending workflows, including borrower interactions, document processing, credit assessment and operational automation.

“Digital lending is moving into a phase where engineering depth and practical AI capability will matter as much as product ambition. We are looking for people who can work on real lending problems, understand the discipline required in financial services and build AI-led technology that improves both speed and control. As AI becomes more deeply embedded across underwriting, servicing, risk monitoring and customer interactions, we need teams that can combine strong engineering fundamentals with an understanding of how intelligent systems should operate in a regulated environment,” said Mr. Rohit Arora, CEO and Co-Founder, Biz2X and Biz2Credit.

Biz2X currently has approximately 800 employees in India and 200 in the United States. During FY2026-27, the company expects its overall headcount to grow by about 25%, translating into roughly 250 to 300 additions across functions.

Biz2X has also earned the Great Place To Work Certification for the sixth consecutive year, reflecting its focus on employee development, continuous learning, collaboration and an inclusive work environment. The company’s people initiatives include learning and upskilling programmes designed to help employees build capabilities in areas such as AI, data analytics and fintech innovation.

Biz2X is growing at a rapid pace, with 40-50% YoY business growth and the hiring initiative will support product development, delivery and regional expansion across India and the Middle East as the company strengthens its focus on AI-led lending infrastructure.

About Biz2X

Biz2X is a turnkey global SaaS platform that enables financial institutions to provide a customized online lending experience for their small and midsize business customers. With a strong presence in the United States, MENA, and India, Biz2X is transforming the lending landscape with scalable, automated, and intelligent lending technology. For more details: www.biz2x.com

About Biz2Credit

Biz2Credit is a leading online platform helping small businesses access financing quickly and easily. Since its inception in 2007, Biz2Credit has facilitated over $8 billion in funding, offering a range of financial products including term loans and revenue-based financing. By leveraging its advanced technology, the platform provides tailored financing solutions with fast approval processes, simplifying the journey for businesses to secure the capital they need. Biz2Credit is committed to supporting small businesses through transparent, flexible, and efficient funding solutions. For more details: www.biz2credit.com

Logo: https://mma.prnewswire.com/media/2789415/Biz2X_Logo.jpg

 

View original content:https://www.prnewswire.com/in/news-releases/biz2x-announces-off-campus-recruitment-drive-for-ai-engineering-and-data-science-roles-302790176.html

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New report by AIA and EY US identifies clear path to scale digital thread technologies

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NEW YORK, June 3, 2026 /PRNewswire/ — As aerospace and defense (A&D) organizations face unprecedented demand to increase output, digital thread initiatives are emerging as a critical enabler of end‑to‑end visibility and faster decision‑making. New joint research released today by the Aerospace Industries Association (AIA) and Ernst & Young LLP (EY US) finds that while digital thread efforts are delivering measurable benefits, most organizations remain unable to scale it across the enterprise. A framework for integrating data across systems and lifecycle stages of a product, digital thread is the seamless flow of trusted data across design, production and operations, enabling traceability and transparency.

The study, “Digital thread delivers value, so what’s stopping scale?“, is based on a survey of 57 A&D leaders as well as in-depth executive interviews. Findings show that while adoption is widespread, enterprise‑level impact remains limited. Three‑quarters of organizations are implementing digital thread in some capacity, yet only 14 percent say it is fully applied across the enterprise. The study pinpoints the moves that make digital thread programs succeed: the right ownership model, the right funding approach and the right use cases to start with.

“Aerospace and defense’s current challenges have turned digital thread from a nice-to-have into a must-have,” said Tim White, AIA Vice President of Engineering and Technology. “It sharpens quality, strengthens traceability, cuts redundancy and utilizes the data artificial intelligence needs to unlock real optimization. To meet unprecedented demand in the supply chain, digital thread is essential for organizations looking to compete and win in the future.”

“Digital thread is no longer a technology problem. It is an execution problem,” said Raman Ram, EY Americas Aerospace, Defense & Mobility Leader. “Organizations see value in pilots, but without enterprise‑level governance, performance measurement and data standardization, that value never scales to impact delivery, capital efficiency or risk.”

Key findings in the study include:

Despite years of investment in digital thread, 56 percent of A&D organizations remain in pilot or limited implementation phases.Execution, ownership and data readiness are the biggest barriers to enterprise impact.Fewer than half (45 percent) of leaders surveyed say their organization has a clear strategic vision and sustained commitment for digital thread.Data readiness is a critical constraint to digital thread implementation, with only 29 percent of respondents saying their enterprise data is standardized, governed and accessible, limiting organizations’ ability to connect workflows across the lifecycle and apply analytics and artificial intelligence (AI). While 71 percent of leaders expect the greatest future value from digital thread will come from predictive analytics and AI-enabled insights, the research reinforces that these outcomes depend on a mature digital thread foundation.

Read the full report to understand key barriers and opportunities for digital thread in A&D here.

About the study

EY US surveyed 57 leaders from Aerospace Industries Association (AIA) member organizations and conducted eight in-depth executive interviews to understand how digital thread is being applied in practice. The respondents are primarily from US‑based companies with annual revenues exceeding $100 million and at least three years of investment in digital thread initiatives.

About Aerospace Industries Association

The Aerospace Industries Association represents the nation’s aerospace and defense sector, a key driver of U.S. security, innovation, and economic strength. Since 1919, AIA has advanced policies that support industry competitiveness, workforce development, and technological leadership. As America celebrates its 250th anniversary, AIA ensures that our industry remains one of America’s defining success stories — and a foundation for its future.

About EY

EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.

Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.

EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected multidisciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.

All in to shape the future with confidence.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

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SOURCE Ernst & Young LLP

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