SensorUp, the operational intelligence platform powering integrated operations across asset-heavy industries, has announced the close of a growth financing round led by Pender Ventures, with participation from Climate Investment, Evok Innovations, and Occidental, which joins as both a strategic investor and existing client. The capital will be deployed across accelerating customer deployment, enhancing the company’s agentic AI platform, and fueling expansion into adjacent industrial verticals. Financial terms were not disclosed.
Calgary-based SensorUp has built what it describes as the agentic system of action for heavy industry, turning fragmented field data, engineering records, and sensor streams into auditable, agent-ready workflows on a single asset model. The platform is in production today with five OGCI member companies and a growing roster of regional operators, with operators using it to surface underperforming wells before production is lost, triage flare and vent events against regulatory thresholds, coordinate turnaround readiness across thousands of components, detect and resolve methane leaks, and assemble emissions inventories that withstand regulator and capital markets scrutiny. The platform’s hardened components — asset hierarchy, calculations, review and approval, reporting, and workflow orchestration — give customers, consultants, and AI agents a shared foundation with the auditability, security, and scalability heavy industry requires. Adding a new use case is configuration rather than a new product build, making the architecture extensible beyond oil and gas into power generation, utilities, mining, and chemicals.
The round comes as industrial operators accelerate efforts to deploy AI strategies at scale but struggle to find platforms capable of supporting production-grade agentic workloads on top of complex, distributed operational environments. SensorUp said its foundation was forged in the highly demanding environment of methane detection, resolution, and measurement at global scale — a credibility that the company said naturally positions it to take on customers’ next most pressing data challenge: operationalizing AI for tangible return on investment.
KEY QUOTES:
“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. 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.”
Cheri Corbett, Partner, Pender Ventures
“Our customers are eager to deploy AI strategies, but they need a trusted platform and partner to design and build solutions with them. SensorUp was forged in the highly complex environment of methane detection, resolution, and measurement at global scale. This financing allows us to accelerate a roadmap our customers are actively driving.”
Julia Hole, Chief Financial Officer, SensorUp
