Cenosco, a leading asset integrity management (AIM) software provider, announced a growth investment led by Summit Partners, with participation from existing investor Fortino Capital. This partnership will help accelerate Cenosco’s continued product innovation, international expansion, and team growth.
Cenosco provides a category-leading suite of software solutions designed to enhance safety, reliability, and operational efficiency for companies operating in asset-heavy industries. The company’s Integrity Management Suite (IMS) provides mission-critical integrity, reliability, and process safety solutions to some of the world’s largest oil & gas, chemical, and power companies, including Shell, Equinor, and PTTGC. Cenosco is now used by 11,000+ professionals and deployed at more than 200+ assets across 40+ countries worldwide.
Created by engineers for engineers, Cenosco’s IMS suite is backed by 25 years of experience serving asset-heavy industries. It is grounded in risk-based inspection (RBI) methodologies and leverages real-time data and probabilistic modeling to help optimize inspection and maintenance schedules.
This platform helps operators gain a holistic view of their assets and understand the most critical components of the overall system, enabling more informed decision-making and proactive maintenance strategies. Customers have reported up to a 20% reduction in inspection costs, a 15% decrease in major planned and unplanned downtime, and significant maintenance cost savings from asset failure prevention.
KEY QUOTES:
“Aging infrastructure, supply chain shocks and rising environmental regulation, present significant challenges for operators in asset-heavy industries. Having the right technology is critical. At Cenosco, we are committed to providing solutions that empower our customers to make data-driven decisions, improve asset integrity and drive efficiency. We are excited to partner with Summit, together with the ongoing support from Fortino Capital, as we continue to innovate, expand globally, and work to establish Cenosco as the industry standard for asset integrity and reliability.”
– Rahul Kejriwal, CEO of Cenosco
“With growing global demand for asset efficiency and resilience, fueled in part by new AI use cases, operators are increasingly focused on improving reliability and reducing downtime. With a global footprint and a record of rapid, profitable growth, we believe Cenosco has built a highly differentiated platform that delivers measurable impact for industrial operators. We look forward to partnering with Rahul Kejriwal and the Cenosco team as they continue to drive innovation and work to scale the business globally.”
– Han Sikkens, a Managing Director and the Head of Europe at Summit Partners, who will join the Cenosco Board of Directors
“Since our investment in 2020, Cenosco and its management have successfully transformed from a service-oriented business into a highly growing SaaS vendor serving a well-diversified international customer base. We believe the company is perfectly positioned to lead the digital revolution in asset integrity management and, together with Summit Partners, we are pleased to support Cenosco’s next phase of growth.”
– Toon Smets, Investment Director at Fortino Capital
