Novosound

Overview
Oil & Gas Tech?
Product stageSegments
Early
?
Monitoring and management (Upstream & Midstream)
?

Novosound is a Scottish sensor technology company that specializes in developing wearable ultrasound systems and thin-film ultrasound technology. The company has obtained patents for its wireless, wearable ultrasound instrumentation platform called Slanj, which targets the medical, wearable device, and industrial sectors. Novosound's patented thin-film manufacturing process enables the cost-effective production of high-frequency, high-resolution ultrasound transducers that overcome limitations of traditional ultrasound sensors.

In addition to the Slanj platform, Novosound offers branded products such as Kelpie, Belenus, and Nebula for industrial inspection and monitoring applications in sectors like aviation, energy, and power generation. The company's technology allows continuous monitoring of assets like pipelines and boilers at high temperatures.

Novosound achieved revenue growth for four consecutive years as of 2024, with significant market expansion in North America. In 2022, the company's revenues grew fivefold compared to the previous year, driven by contract wins from clients like GE Aviation, BAE Systems, and Uniper. Novosound also secured a seven-figure research and development contract in the dental imaging market in November 2021.

Key customers and partnerships

Novosound has established collaborations and partnerships with several notable companies and institutions across various sectors.

In the healthcare sector, the company has ongoing partnerships with Nasdaq-listed medical technology company PAVmed Inc. to develop intravascular imaging technology, and with Israeli dental imaging firm dSound for 3D ultrasound technology in the dental market.

Novosound has also entered a wearable ultrasound collaboration with Dr. Todd K. Rosengart, a leading cardiovascular surgeon at Baylor College of Medicine within the Texas Medical Center in Houston.

The company has secured contract wins and worked with clients such as GE Aviation, BAE Systems, and energy firm Uniper in the industrial sector. Additionally, Novosound has partnered with tech companies on the West Coast to create wearable wireless ultrasound platforms.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
BoNess Road Newhouse GBR
Founded year:
2018
Employees:
11-50
IPO status:
Private
Total funding:
USD 12.3 mn
Last Funding:
USD 4.5 mn (Series Unknown; Dec 2022)
Key competitors
 
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