Avestec Overview

  • Founded
  • 2015

Founded
  • Status
  • Private

  • Employees
  • 17

Employees
  • Latest Deal Type
  • Grant

  • Latest Deal Amount
  • $750K

  • Investors
  • 7

Avestec General Information

Description

Developer of robotic inspection technology designed to offer onshore and offshore industrial asset inspection. The company's technology provides ultrasonic thickness measurement, coating thickness measurement, visual inspection, defect detection, and measurement, 3D model creation, data analysis, and post-processing, enabling clients to have quick and cost-effective alternatives to traditional inspection methods that require scaffolding or rope access.

Contact Information

Website
www.avestec.ca
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Electronic Equipment and Instruments
Other Industries
Other Hardware
Primary Office
  • 4268 Lozells Avenue
  • Suite 106
  • Burnaby, British Columbia V5A 0C6
  • Canada
+1 (604) 000-0000

Avestec Timeline

2020202120222023
Financing RoundCaptured Employee CountEstimated Employee Growth

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Avestec Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Grant 26-Jan-2022 $750K 000 Completed Generating Revenue
2. Later Stage VC 05-May-2021 000 000 Completed Generating Revenue
1. Accelerator/Incubator 01-Jan-2018 Completed Generating Revenue
To view Avestec’s complete valuation and funding history, request access »

Avestec Patents

Avestec Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
CA-3078994-A1 Method and system of an surface attachment of modular unmanned aerial vehicle for inspection Pending 28-Oct-2017 00000000
EP-3700818-A1 Method and system of an surface attachment of modular unmanned aerial vehicle for inspection Pending 28-Oct-2017 00000000
EP-3700818-A4 Method and system of an surface attachment of modular unmanned aerial vehicle for inspection Pending 28-Oct-2017 00000000
US-20200307786-A1 Method and apparatus for surface attachment of modular unmanned aerial vehicle for inspection Active 28-Oct-2017 00000000
US-11548634-B2 Method and apparatus for surface attachment of modular unmanned aerial vehicle for inspection Active 28-Oct-2017 B64F3/00 00
To view Avestec’s complete patent history, request access »

Avestec Executive Team (2)

Name Title Board Seat Contact Info
Reza Tavakoli Ph.D President & Chief Executive Officer
Pouya Kamalinejad Ph.D Chief Technology Officer & Vice President of Technology
To view Avestec’s complete executive team members history, request access »

Avestec Board Members (1)

Name Representing Role Since
Todd Farrell UBC Seed Fund Board Member 000 0000
To view Avestec’s complete board members history, request access »

Avestec Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Avestec Investors (7)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Clean Resource Innovation Network Other Minority 000 0000 000000 0
Supernode Venture Capital Minority 000 0000 000000 0
Sustainable Development Technology Canada Venture Capital Minority 000 0000 000000 0
UBC Seed Fund Venture Capital Minority 000 0000 000000 0
WUTIF Capital Angel Group Minority 000 0000 000000 0
You’re viewing 5 of 7 investors. Get the full list »